Austrian bank Raiffeisen Zentralbank (RZB) has opened an office in Jersey and is to distribute seven of its Vienna-based funds from the jurisdiction.
The funds focus on either European or Eastern European equities or bonds. It includes the Standard & Poors AAA rated Raiffeisen Euro Bonds fund, the AA rated Raiffeisen Europlus Bonds portfolio and the A rated Raiffeisen Eurovision Bonds vehicle.
RZB said the central and eastern European region, which includes Russia, is considered one of the world’s foremost emerging markets and has the potential to offer investors outstanding returns. RZB has extensive distribution networks in the area through its ownership of local banks.
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From 1 March