UK-based investment firm the Marlborough Group has rolled out a Ucits funds of funds range domiciled in Ireland.
The funds will be initially promoted in Europe and will be available through life companies and international investment platforms.
The four funds – Marlborough Defensive, Marlborough Cautious, Marlborough Balanced and Marlborough Adventurous – have been launched in response to investor demand.
Maximum equity exposure will range from 20% for Marlborough Cautious to 100% for Marlborough Adventurous.
The portfolios will be managed by the Marlborough Investment Management team, who are based in the UK.
Appointments
Marlborough Group has hired two business development managers, Vasco Moreira and Andy Gibson, to join the team to promote the Ucits fund range.
Moreira, who has spent the past five years working in Singapore for Friends Provident International and Old Mutual International, will focus primarily on adviser relationships across southern Europe.
Gibson, who has 25 years’ experience in the offshore world, will focus on Switzerland, Cyprus and northern Europe.
Listening to advisers
Wayne Green, joint managing director of the Marlborough Group, said: “As a group we’re committed to working in partnership with advisers to help them grow their businesses and better serve their clients.
“An important part of that is listening to how we can support them, and that’s what’s led to the launch of the new range.
“Our Guernsey funds of funds have proved very popular with advisers serving the international market and European brokers have been telling us they’d like to see a Ucits version of the range, so, we’re responding to what is a clear demand.
“We believe that these all-in-one investment solutions harnessing Marlborough’s investment expertise and using a Ucits structure represent an attractive proposition for investors in Europe.”
Currency
The funds will initially be available in sterling-denominated share classes.
Euro and US dollar versions, hedged back to sterling, will be launched in the future.
The Ucits management company for the funds will be IFSL International, which is the Marlborough Group’s Irish fund management company with dual authorisation as a Ucits management company and an Alternative Investment Fund Manager.
