Undertakings for the Collective Investment of Transferable Securities - UCITS
A public limited company that coordinates the distribution and management of unit trusts amongst countries within the European Union.
Investopedia Commentary
These funds can be marketed within all countries that are a part of the European Union, provided that the fund and fund managers are registered within the domestic country. The regulation recognizes that each country within the European Union may differ on their specific disclosure requirements.
See also: Mutual Fund, Public Limited Company - PLC, Unit Investment Trust - UIT
Also spelled: UCITS