GSX opened in November last year as a technical listing exchange for open-ended funds and expects to extend its listing services to closed-ended funds during 2015. It welcomes established funds as well as start-ups.
This article updates a previous story on International Adviser titled “Gibraltar SX to give small funds entry to Europe”.
GSX aims to give fund managers a way to gain visibility in the EU market, which has been complicated in recent years by the introduction of additional regulation.
The company says a listing on the exchange will offer increased fund marketability, increased investor confidence, and increased investor transparency.
It adds that a listing on GSX can be a first step towards ultimately establishing a structure to allow for the distribution of a fund within the EU, providing visibility without the imposition of EU laws and taxation.
Marketing director at GSX, Marcus Wohlrab, said the GSX operates on the basis of disclosure, not prescribed rules as to what a fund may or may not do.
“This can reduce the entire listing process from many months to a few weeks, and in turn keeps costs to the manager competitive.
“This is a particularly important consideration for small and medium sized funds.”
“I saw a statistic recently that in Asia, 85% of funds are worth less than $100m, while 65% contain below $50m. For many funds of this size, a listing probably wasn’t even under consideration as it may have been beyond their reach financially.”
