more luxembourg-based sicav funds will now be made available to those European and UK brokers with offshore clients
The merger of three of the four Merrill Lynch Luxembourg-based Sicav fund ranges has opened a number of previously un-marketed funds to UK and European brokers doing offshore business. Among these are three of the six US equity sub-funds of the Merrill Lynch International Investment Funds (MLIIF) US Basic Value, US Focused Value and US Small Cap Value funds, all of which are Standard & Poor's rated. The 61-fund, $14.5bn range, which is available in 27 countries, has been created from the mergers of the Mercury Selected Trust, the Merrill Lynch Equity/Convertible Series and the Merrill...
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