Rathbones opens funds to Continental European investors

Rathbone Unit Trust Management (Rathbones), the UK based asset manager, is to launch four funds domiciled in Luxembourg that will offer investors outside the UK access to its portfolios for the first time via a master-feeder structure.

The funds will invest via the structure into the Rathbone Ethical Bond Fund, managed by head of fixed income Bryn Jones and assistant manager Noelle Cazalis, and the Rathbone Multi-Asset Total Return, Multi-Asset Strategic Growth, and Multi-Asset Enhanced Growth Portfolios, managed by David Coombs, head of multi-asset investments, and Will McIntosh-Whyte, also assistant manager. Both teams will be supported by Rathbones’ central research capability.

The funds are expected to launch in May on approval from Luxembourg regulator the Commission de Surveillance du Secteur Financier (CSSF). Marketing will target retail investors via financial advisers, life companies, and so called Qualifying Recognised Overseas Pension Scheme providers (Qrops) for those drawing on UK pensions but living outside the country. All the funds will be denominated in sterling, but other currency share classes will be available.

Mike Webb, chief executive of Rathbone Unit Trust Management, said: “This launch offers our existing and new clients within Europe greater access to our experience across fixed income and multi-asset investing. The move is in line with our long-term strategy of broadening our distribution through intermediary channels in the UK and now across Europe. Based on demand for our investment services to date, we believe this new market to have considerable growth potential for the business.”


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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