Paris-based boutique Métropole Gestion has turned seven of its France-domiciled funds (OPC) into French Sicavs, on 31 March 2017.
This follows the implementation of measures by French regulator AMF aimed to render more attractive the French asset management industry, after the Frog working group issued a number of recommendations.
French asset managers can turn their funds into Sicavs without losing their track records.
Métropole Gestion’s Sicavs are sub-funds of a global Sicav, Métropole Funds, that has around €2.5bn in assets under management.
The list of Métropole Gestion’s strategies that are now run under as compartments of Métropole Funds Sicav includes Métropole Value SRI, Métropole Sélection, Métropole Frontière Europe, Métropole Euro, Métropole Corporate Bonds, Métropole Convertibles and Métropole Avenir Europe.