Group awaits regulatory clearance before unveiling its unit trusts and Oeics
US multi-manager firm SEI is awaiting regulatory approval to launch three unit trusts and three Dublin-based Oeic funds for the UK retail market. The unit trusts from SEI, which has around $72bn under management in the US, will be based around global growth, balanced and income strategies targeting higher net worth individuals. These will invest in sub-funds in the Dublin-based Oeics, each of which will contain portfolios managed by external managers under mandates dictated directly by SEI. Simon Ewan, SEI's director of the European adviser market, said that the group was awaiting re...
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