Portfolios will remain the same but be placed under one umbrella for greater security
redit Agricole has transferred three of its stand-alone country funds ' Hong Kong, Korea and Thailand ' into a Luxembourg Sicav, opening up wider distribution policies for the portfolios. Christopher Johnson, head of UK marketing at Credit Agricole, said: 'The decision to place these funds under the one umbrella was because a lot of country funds have closed over the years, such as Bangladesh and the Philippines. For economic reasons it was more viable to house the three portfolios under the one umbrella. 'It will also make the portfolios be allowed to be marketed in 15 jurisdic...
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