Offshore fund analyst Forsyth Partners has launched four retail funds of funds under a Dublin umbrel...
Offshore fund analyst Forsyth Partners has launched four retail funds of funds under a Dublin umbrella.
For a minimum investment of E10,000, advisers can buy into these offshore-dominated vehicles at net asset value while charging up to 5% initial commission. The adviser will also receive half of Forsyth's annual management fee.
The Global Equity Fund has a 1.2% annual fee and concentrates on long-term capital growth.
The Global Balanced Fund annual charge is 1.5%. It invests in more mainstream funds and has an equity content of between 40% and 80%.
The Global Thematic Fund, which carries a 1.5% charge, contains funds working within tightly focused areas such as technology, Asian banks or Greece. The Global Emerging Markets Fund has a 1.75% annual management charge.
Investments can be wrapped in a trust package in which case the trail fee can be increased.
If advisers provide enough business they get a preferential subscription to Forsyth's flagship product, the monthly Fund Analysis & Ratings, as well as copies of the group's emerging markets fund manuals.
Forsyth is primarily a research body and, though it has previously run discretionary mandates and advisory accounts for institutional investors, this is its first foray into the retail market. The funds of funds are Imro regulated and euro-denominated.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected