Investec seals distribution partnership in Germany

Investec Asset Management has agreed on an exclusive distribution partnership in Germany with diversified wealth management group Sal. Oppenheim.

The fund manager said under terms of the agreement its funds would be included in Oppenheim’s mutual fund offering from March.

It added that it planned to build its distribution outside the UK.

John Green, Investec Asset Management’s global head of client group, said: “Many European investors are increasingly interested in asset classes like commodities, emerging and frontier markets, as well as in global equities and fixed income.”

Marco Schmitz, Sal Oppenheim head of mutual funds said: “The new Investec funds ideally complement our existing product offering.”

The agreement comes as Investec moves to seek distribution rights in Europe for the strategy run by its head of contrarian investments, Alastair Mundy.

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