Type of Products/Structures
Key criteria UCITS Non-UCITS SIF SICAR
Investment restrictions (eligible assets) Restricted Flexible Flexible Moderate
Risk diversification High Medium Low None
Ease of public distribution High Medium Low Low
Supervisory framework Targeted to retail investor protection Targeted to retail investor protection More flexible More flexible
Time to establish (Registration Period) Low - Medium Medium - High Very low Low
Target investors All All Institutional / HNWI Institutional / HNWI