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...
McGhee joins from banking trade body
Our video series continues
Historic levels of M&A
Brent Crude fell 0.8% to $53.51 a barrel
Largest firms applying fee caps