Two new share classes for Traded Policies fund

The fund already offered a sterling share class, which is available through various wraps and portfolio bonds, and the new classes have been added in response to demand for advisers. Jeremy Leach, managing director of MPL, commented: “The UK financial services industry is one of the largest in the world and manages a lot of foreign assets. Perhaps 40% of total assets under management in the UK are held by foreigners, who need dollar and euro-denominated asset classes. There are a lot of British investors too, including expatriates, who are paid salaries in euros and dollars and need to inv...