Rathbones launching Luxembourg offshore range

Rathbone Unit Trust Management, the UK-based fund manager, is to give Europe-based investors access to its funds for the first time, with the launch four new funds domiciled in Luxembourg.

The four new  funds will invest via a ‘master-feeder structure’ into the Rathbone Ethical Bond, the Rathbone Multi-Asset Total Return and its Multi-Asset Strategic Growth and Multi-Asset Enhanced Growth Portfolios, Rathbones said.

May roll-out

The four funds are set for roll-out in May, subject to regulatory approvals from the Commission de Surveillance du Secteur Financier (CSSF), the Luxembourg regulatory body. Previously Rathbones’ funds have been available to expatriates and others in Europe only through its existing discretionary offering.

Mike Webb, chief executive of Rathbone Unit Trust Management, said the launch of the four new funds was “in line with our long-term strategy of broadening our distribution through intermediary channels in the UK, and now across Europe”.

The Rathbone Ethical Bond fund is managed by head of fixed income Bryn Jones and assistant manager Noelle Cazalis, while Rathbone Multi-Asset Total Return, Multi-Asset Strategic Growth, and Multi-Asset Enhanced Growth Portfolios are managed by David Coombs, head of multi-asset investments, and assistant manager Will Macintosh-Whyte. Both teams will be supported by Rathbones’ central research capability, Rathbones said in a statement on Thursday.

The new funds will be marketed predominantly to retail investors via financial advisers, life companies and Qualifying Recognised Overseas Pension Scheme providers in the UK and in Europe. Rathbones addd that the investment processes and objectives for all funds will reflect those of the master funds in the UK.

The funds will be denominated in sterling, with other currency share classes also available.

Rathbone Unit Trust Management is an arm of London-based, FTSE 250-listed Rathbone Brothers plc.

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