Greater awareness needed as offshore fund access grows

offshore

Asset management firms will soon be able to apply for distributor status on individual sub-fund share classes within offshore domiciled umbrella fund ranges, achieving better tax treatment for these funds as well as a more efficient means of accessing them amid wider choice for UK-based investors

The introduction of additional distributor status sterling denominated share classes to the UK investment arena will allow fund managers to market their offshore fund ranges into the UK, potentially opening the world of offshore investing to a wider investor audience. Asset management companies will be able to apply for distributor status on individual sub-fund share classes within offshore domiciled umbrella fund ranges, achieving better taxation treatment for these funds. As well as a more efficient means of accessing funds, UK-based investors will have a wider choice of specialist asse...