Non-UCITS Retail Schemes (NURS), including funds of funds, will now be able to invest in the feeder funds of master-feeder structures, providing access to many Luxembourg-domiciled SICAVs and Dublin-domiciled ICAVs for the first time.
Although NURS were previously able to invest in offshore funds, feeders were off limits due to concerns around the unnecessary layering of charges. However, effective from 1 October, the Financial Conduct...
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year