Insight Fof goes against the market grain

News Analysis

While most groups prefer the flexibility offered by Nurs structures, several Insight funds of funds are moving back to using Ucits III

Insight has bucked a growing market trend by seeking to convert one of its fund of funds from a non-Ucits retail scheme (Nurs) to Ucits III, finding the latter's flexibility more appealing. Of the six funds of funds teams contacted by Investment Week just two said their portfolios are structured as Ucits III vehicles with the remainder opting to use Nurs structures. Multi-manager ranges are opting for the Nurs route due to it allowing higher exposures to property and offshore funds and greater flexibility in attaining investment goals. While Nurs portfolios were previously not eligible f...