BOSTON -- The staggering growth of UCITS (Undertakings for Collective Investment in Transferable Securities) throughout Europe, Asia and Latin America has led to a proliferation of new investment products and trading opportunities, but restrictive investment mandates and tax requirements in the U.S. are causing some U.S. investors to feel left out of the game.

"The folks in Washington don't seem to realize there is business outside our borders," said Alan Reid, CEO of Forward Funds, speaking at the 21st Annual Conference on the Globalisation of Investment Funds, held this year at the Boston Harbor Hotel. "We are seeing growing demand from offshore companies, and the demand for UCITS is staggering."

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