Boutique fund manager Managing Partners Limited (MPL) has secured UK distributor status for retail and institutional share classes of its Traded Policies fund.
The distributor status, appointed by HMRC, will offer UK investors the chance to invest tax-efficiently in the fund. With distributor status, offshore funds can be treated for tax purposes like their onshore counterparts in the hands of a UK investor. Consequently, any income element within a fund is accounted for and distributed in the form of a dividend. MPL applied for distributor status for its Traded Policies fund to meet demand from investors for traded life policies (TLPs). Available to retail investors, the US Dollar Growth share class has returned 8.94% net of all charges ...
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