UK-based asset manager Rathbone Unit Trust Management will launch its first Luxembourg-domiciled funds for European investors, the group has announced.
The Ucits-compliant funds, which will be made available in May subject to regulatory approval, will invest via a master-feeder structure into four existing funds and utilise Rathbones’ central research capability.
Meanwhile, the firm's head of multi-asset investments, David Coombs, will run the Luxembourg-domiciled versions of the Rathbone Multi-Asset Total Return, Multi-Asset Strategic Growth and Multi-Asset Enhanced Growth portfolios.
The objectives of the new funds and investment processes will reflect those of the original funds in the UK. They will be denominated in sterling with currency share classes also available.
Commenting on the launch, Rathbone’s chief executive, Mike Webb, said: ‘This launch offers our existing and new clients within Europe greater access to our experience across fixed income and multi-asset investing.’
‘The move is in line with our long-term strategy of broadening our distribution through intermediary channels in the UK and now across Europe. Based on demand for our investment services to date, we believe this new market to have considerable growth potential for the business.’
The new funds will initially be available for sale in Belgium, Ireland, Spain and France.