VAM Funds has won full retail distribution approval from the financial regulator in Dublin for its Luxembourg VAM Funds (Lux) Sicav range.
The move assists the firm's expansion into the European retail market. It recently gained regulatory approval for six of its eight subfunds in the Lux range in Spain, Sweden and Singapore.
Six of the eight subfunds within the Lux Sicav range have won regulatory approval from the Irish financial regulator: VAM US Micro Growth, VAM US Small Cap Growth, VAM US Mid Cap Growth, VAM US Large Cap Growth, VAM International Growth and VAM Emerging Markets Growth.
It is also seeking approval from the Dublin regulator for the two new subfunds, VAM International Real Estate Equity and VAM World Growth.
Michael Hunt, director of VAM Funds, said the move is part of the company's strategy to develop its distribution channels in countries across Europe and the Far East, in order to meet demand from brokers.
"In fact we have had a lot of interest from the investment community in Dublin itself as the VAM Funds (Lux) range does offer something a little out of the ordinary - a long-only active manager that has a proven track record of exceptional outperformance over 25 years," he added.
The fund range is managed by Driehaus Capital Management, whose managers use an aggressive growth style of equity investing, targeting capital appreciation.
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