Lord Abbett UK launches

Lord Abbett, the US fund manager, is to roll-out a number of sub-funds cloned from existing mutual funds sold in America to up its UK retail presence. The group already has four Oeic subfunds in the UK: LA US Affiliated fund (large cap value), LA Global Bond, LA Global Growth & Income, and LA European. The latter is a fund which was recently restructured and is soon to be admitted to the European sector, subject to a decision by Autif. The funds are largely clones of US mutual funds run out of New Jersey, with the $11bn Affiliated fund, created in 1934, the flagship of the US range. T...