The company said it has signed a “significant” distribution agreement with Acolin Fund Services of Zurich, which will mean providers who use its platform will have access to “several hundred” banking groups across the German and Swiss market place.
John Lowry, chairman of ML Capital, said: “The market is clearly recognising the vital importance of distribution which a well placed Ucits platform can deliver.
“This deal with Acolin will further enhance our competitive position as these distribution deals can often take a year or more to structure. We are currently also in discussions with a number of distribution partners and private banking groups in Latin America and Asia, which are experiencing significant demand for alternative Ucits products.”
According to ML Capital, the Montlake Ucits platform is currently on target to reach in excess of $500m ($319m, €370m) in assets under management by the end of the second quarter next year.
