Sarasin is to offer eight of its Luxembourg based Sicav funds to UK investors.
The funds, which include the top performing Sarasin EmergingSar, will be available through a recently established UK administrative wrapper.
The wrapper will enable daily dealing and settlement procedures in the funds' shares on the same basis as for the existing Sarasin UK based Oeic funds.
Sarasin is also combining funds with similar or identical guidelines where this will reduce costs to the investor through economies of scale. That means the Sarasin [email protected] Global E-Commerce and Sarasin Global Health Oeic funds will be closed and investors offered a free switch into their sister funds Sarasin WebSar Sicav and Sarasin HealthSar Sicav, which are managed by the same managers to identical guidelines.
They will also be given the option to switch free into any of the other Sarasin Sicav funds that are part of the wrapper and into the Sarasin EquiSar Global Thematic Fund or Sarasin GlobalSar Balanced Fund. Alternatively they will be able to redeem for cash.
The eight funds that will be available through the UK wrapper are the Sarasin GlobalSar Euro Sicav managed by Daniel Briggs, a global balanced fund with a euro bias with £83.1m in assets, the Sarasin OekoSar Portfolio Sicav managed by Andreas KnÃ¶rzer, a global bond and equity sustainable investment fund with £122.9m in assets, the Sarasin EmergingSar Sicav managed by Bernard Moody, an emerging markets fund of funds with £101.9m in assets, the Sarasin HealthSar Sicav managed by Irene Puettner, a themed global equity health and life sciences fund with £6.8m in assets, the Sarasin TecSar Sicav managed by Paul Cooper, a global technology fund with £53.3m in assets, the Sarasin ValueSar Sicav managed by Andreas KnÃ¶rzer, a global equity sustainable investment fund with £40.6m in assets, the Sarasin WebSar Sicav managed by Paul Cooper, a global e-commerce fund with £29.1m in assets and the Sarasin BondSar euro managed by Matthias Wirz, with £44.3m in assets.
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