Sarasin & Partners has re-domiciled its $1bn Guernsey unit trust range to Dublin to make use of wider investment powers under UCITS IV.
As part of the change, the group is also widening its distribution opportunities to Europe to save money for investors. The funds moved, including the EquiSar and GlobalSar portfolios, will be able to hold unlimited amounts of cash and specialist investment funds under UCITS IV. This was restricted to 10% and 5% respectively under Guernsey rules. Funds affected include EquiSar Sterling Global Thematic, GlobalSar Dynamic, Income Portfolio, Real Estate Equity and Sustainable Equity – Global Real Estate. The funds have also had minor changes to their fund names (see table). Sam Jeff...
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