Asset manager Rathbones Unit Trust Management is to expand the funds range available to investors based in continental Europe, the company has announced.
This will see UK-based investment firm further expand its Luxembourg-domiciled strategies with a version of the Rathbone Income fund.
It will be launched in October, subject to regulatory approval, and managed by the Citywire + rated Carl Stick, who has managed the UK-version of the fund since January 2000.
The investment process and objective of the fund will remain unchanged from that of the UK-domiciled master fund. Sterling and euro share classes will be available at launch and dollar share classes will be created if there is sufficient demand.
The fund will form part of the of the Rathbones’ Sicav umbrella that was launched in May 2016.
It currently consists of the Rathbone Ethical Bond fund, which is managed by Bryn Jones, and the Rathbone Multi-Asset Total Return, Multi-Asset Strategic Growth and Multi-Asset Enhanced Growth portfolios, which are all managed by Citywire AA-rated David Coombs.
Commenting on the new launch, Stick said: 'The impending launch of the Rathbone Income Fund into the offshore market has come at a fascinating time for investors. Yields are at all-time lows, the search for income is intense; yet, are we on the cusp of a change in the interest rate cycle, led by the US?'
'Our focus has always been on the mitigation of downside risk, as well as the generation of total returns, and we have always favoured sustainable dividends over higher, riskier yields – these tenets focus our minds and our investment discipline.'
The new fund will initially be available for sale in Belgium, Ireland, Spain and France.