GAM has launched an OEIC version of its offshore $35m Star Emerging Equity fund in response to increasing demand from UK investors for an emerging market offering.
Launched on 26 June, the OEIC will have a total expense ratio (TER) of between 0.95% and 1.05%, dependent on the share class, though the pricing remains subject to regulatory approval. The firm said the move to the OEIC structure was due to client demand, with the main advantage being that it is subject to the Financial Services Compensation Scheme (FSCS) protection, which is not available when invested in an offshore vehicle. GAM hires Columbia Threadneedle's Brown as global head of marketing Co-managed by investment director Tim Love and investment manager Joaquim Nogueira, the f...
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