Maze, whose chief executive is Andrew Tennant, the former regional director for Royal Skandia in the Middle East, said it is the first time the company has agreed to distribute a fund, having previously focused on promoting structured notes.
The Montreaux Care Home Fund is a Luxembourg domiciled CSSF regulated Sicav SIF fund, providing institutional and professional investors with access to the UK care home market, through the purchase of care homes. According to Montreaux’s website the asset class is characterised by high occupancy levels, a supply/demand imbalance, long term fee contracts and an aging UK population.
Tennant said: “We have been researching this sector for the past 12 months. We are excited to be able to now offer this new demographic to the IFA and banking market.
“We believe there is a strong requirement for consistent non-correlated to equity returns. We were consistently approached to market student accommodation funds, but far prefer care homes as is over 10 times market size and offers greater liquidity.”
