UK investment specialists The Marlborough Group has extended its international proposition with the launch of a new risk-graded range of UCITS funds of funds domiciled in Ireland, specially tailored for the expat marketplace.
The four funds - Marlborough Defensive, Marlborough Cautious, Marlborough Balanced and Marlborough Adventurous - have been launched in what the company calls a "response to investor demand" and will sit alongside Marlborough International's Guernsey-domiciled funds of funds.
The funds will invest across a range of key asset classes, with underlying funds selected primarily from Marlborough's award-winning UK-registered range. Maximum equity exposure will range from 20% for Marlborough Cautious to 100% for Marlborough Adventurous.
“The international market and European brokers have been telling us they’d like to see a UCITS version of the [Guernsey multi-manager funds] range, so, we’re responding to what is a clear demand" - Wayne Green, Joint Managing Director of the Marlborough Group
The Irish-domiciled funds will be initially promoted in Europe and will be available through life companies and international investment platforms.
Marlborough has added two experienced business development managers, Vasco Moreira and Andy Gibson, to head up distribution of the funds.
Moreira, who has spent the past five years working in Singapore for Friends Provident International and Old Mutual International, will focus primarily on adviser relationships across southern Europe. Gibson, who has 25 years' experience in the offshore world, will focus on Switzerland, Cyprus and northern Europe.
Wayne Green, Joint Managing Director of the Marlborough Group, said: "Our Guernsey funds of funds have proved very popular with advisers serving the international market and European brokers have been telling us they'd like to see a UCITS version of the range, so, we're responding to what is a clear demand.
The funds will initially be available in sterling-denominated share classes, with euro and US dollar versions, hedged back to sterling, to be launched" shortly". The UCITS management company for the funds will be IFSL International, which is the Marlborough Group's Irish ‘Super ManCo' with dual authorisation as a UCITS management company and an Alternative Investment Fund Manager.
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