ims to run three unfettered funds of funds available in sterling, euro and dollar versions
Norwich Union, in conjunction with IMS, is launching three offshore, unfettered fund of funds (Fof) in April. The funds, domiciled in Luxembourg, will have active, balanced and cautious managed profiles. They will each be available in sterling, euro and dollar share classes. Norwich Union does not plan to launch onshore versions of these but will make the offshore Fofs available via its onshore Norwich Union Portfolio Bond in September this year. IMS already runs Fofs for Norwich Union but the underlying holdings are restricted to 31 Norwich funds and 51 approved external fund links cur...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
