Forsyth Partners has converted its Dublin Oeic funds of funds (Fofs) into Ucits vehicles, in order t...
Forsyth Partners has converted its Dublin Oeic funds of funds (Fofs) into Ucits vehicles, in order to target the Italian and the Nordic region.
The seven Fofs converted include its global range as well as its country-specific North America, Japan and greater Europe portfolios.
The group is still awaiting regulatory approval for distribution in the two countries. But, the move would see Forsyth Partners distribute retail products to the Italian market for the first time.
Currently, the company only sells institutional vehicles such as hedge funds and structured products in the country.
In the Nordic region, Forsyth already sells retail products such as equity and bond vehicles as well as hedge funds through high-end intermediaries.
As part of the decision to convert to Ucits funds, the products will be moving to daily dealing instead of weekly.
Paul Forsyth, group CEO of Forsyth Partners, said: "We are a truly global company so conversion to Ucits is a natural progression for us.
"We expect that both our conversion to Ucits and our move to daily dealing will boost the appeal and marketability of our funds."
The minimum investment is E10,000. The products have a 2% annual management charge and initial charge of up to 6%. key points
Forsyth Partners converts Dublin Oeics to Ucits funds
Products to be marketed to Italy and Nordic region
Funds to move to daily dealing
Penalty payments and enforcement policy
Fees as low as 0.04%
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Women and young people adversely affected
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