Carmignac Gestion has followed Legg Mason in adding some of its flagship funds to the IMA's sector listings for the first time, while PIMCO is understood to be in talks to make a similar move.
French fund giant Carmignac Gestion has added eight funds to the IMA sectors as part of its push into the UK retail space. The listed funds include the group's giant Carmignac Patrimoine vehicle, which has entered the IMA Flexible Investment sector.
Investment Week understands US fund giant PIMCO is also in talks with the IMA to list a number of its Dublin-domiciled funds in the sectors. The group's Select fund range, which targets retail investors, includes Mike Amey's UK Income Bond fund and Luke Spajic's UK Corporate Bond fund.
Carmignac's newly-listed funds also include its £6.1bn Investissement fund, which has entered the Global sector, its £1.5bn Emergents offering, now in the Global Emerging Markets sector, and its £800m Global Bond fund, which has joined the Global Bond sector.
At £22bn in size, the Patrimoine fund, co-managed by Carmignac founder Edouard Carmignac, has increased the average fund size of the Flexible Investment sector from £139m as of 6 July to £317m on 3 August.
"Carmignac now has eight funds listed in the UK IMA sectors, and a total of ten funds registered for sale in the UK, all with sterling share classes and that are RDR-ready," said Didier Saint-Georges, member of the group's investment committee.
Meanwhile, Legg Mason has added 17 of its offshore funds to its IMA-listed range. The new additions include the $1bn Legg Mason Brandywine Global Fixed Income fund and the $745m Legg Mason Western Asset Asian Opportunities fund, which have joined the IMA Global Bond sector.
Avoids paperwork with two-step process
Investment process will use machines
Mark Sterling accused of operating a collective investment scheme without authorisation
'Increasing engagement will only favour those prepared to put in the effort'