Fund houses with substantial offshore offerings are building up the profile of the portfolios in the UK retail market ahead of the IMA's introduction of offshore listings.
Industry insiders expected the offshore listings to be in place by the end of last year, but there is currently no set timetable. The plan is for the funds to be intergrated into the IMA sectors. To prepare for the listings fund houses have started making their offshore funds more widely available to UK advisers. Cofunds recently added HSBC's four-strong Luxembourg-based fund range to the platform and announced plans to add four new SICAV ranges in the coming months. Andy Clark, HSBC managing director, sells more SICAVs in the UK than OEICs. He says: "The best funds are not just in ...
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