Austrian bank Raiffeisen Zentralbank (RZB) has opened an office in Jersey and is to distribute seven of its Vienna-based funds from the jurisdiction.
Richard Buchanan, manager of the Jersey office, said: “The listing of the funds will give Jersey-based investment advisers access to a range of investment opportunities in central and eastern European markets. These types of portfolios are not that well represented locally and will add five billion euros to the total value of funds listed in 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 Bo...
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