The UK's Financial Conduct Authority has authorised Schroders Capital to launch the first Long Term Asset fund (LTAF). The regulator explained that the LTAF is a new category of open-ended authorised funds, which are designed to invest in long-term assets. The launch was supported by the creation of a new regulatory regime that came into effect in 2021. The FCA worked with the Bank of England, Treasury and wider industry to make sure that longer-term, less liquid assets can flourish and investors can understand the risks associated with LTAFs. FCA launches consultation to broade...
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