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Collective action problem
The difficulty of getting a group to act when members benefit if others act, but incur a net cost if they act themselves.
Similar MatchesUndertakings for Collective Investment in Tradable SecuritiesUndertakings for Collective Investment in Tradable Securities
UCITs are collective funds which can be sold across national borders within the EU in accordance with the 'Undertakings for Collective Investment in Tradable Securities' Directive. For UK investors, one of their significance attributes is they can be sheltered from tax within the Stocks and Shares component of an ISA.
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