Australian Bank Macquarie is to launch a UK OEIC investing in global infrastructure, private equity and property securities.
The OEIC has been designed to meet the growing demand for diversification alternatives from individuals and their advisers. Each sub fund will have retail and institutional share classes, daily dealing and is expected to begin trading following a three week fixed price offer period planned to start on June 4 2007, subject to regulatory approval. "Macquarie’s strategy is to expand selectively into new markets where we see an opportunity to add real value for clients,” says Jim Craig, head of Macquarie Europe. Established investment teams specialising in each asset class will run the fu...
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