Why has Asia not copied the Ucits model?

Asia should simply copy Europe's successful Ucits framework rather than striving to develop its own fund passporting programme, a senior HSBC executive has urged. Chris Edge, managing director at HSBC Securities Services in Luxembourg, went as far as to suggest it was strange that Asia had not tried to copy the Ucits scheme more, because it clearly worked. “Just adopt it," he urged. "It would be immediately acceptable to member states and acceptable around the world. If you go b…