BNY Mellon Global Funds is adding a UK retail share class and UK distributor status to five of its specialist offshore sub-funds.
The move will make the range of portfolios accessible to professional advisers for the first time, The fund will also be available on major platforms including Cofunds, Transact and Ascentric. Listed in the IMA sectors earlier this year, the offshore funds will now be regulated by the same cross-EU fund legislation as UK-based UCITS funds. Alan Mearns, chief executive officer of BNY Asset Managment International, believes many overseas funds are unattractive to UK investors, as they were previously subject to higher fund charges and required different minimum investments than UK-do...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
