Non-UCITS Retail Schemes (NURS), including funds of funds, will now be able to invest in the feeder funds of master-feeder structures, providing access to many Luxembourg-domiciled SICAVs and Dublin-domiciled ICAVs for the first time.
Although NURS were previously able to invest in offshore funds, feeders were off limits due to concerns around the unnecessary layering of charges. However, effective from 1 October, the Financial Conduct...
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