Marlborough Group, the UK-based fund manager, is expanding the distribution of its Ireland-domiciled Ucits fund of funds range to include the UAE.
The firm has registered its fund of funds range with the UAE’s Securities and Commodities Authority as well as the Monetary Authority of Singapore (MAS) as part of an effort to appeal to a more international investor base.
The funds offer hedged US dollar and euro share classes alongside a sterling option and cover a range of asset classes including international equities and fixed interest. The range currently exists of four funds – Marlborough Defensive, Marlborough Cautious, Marlborough Balanced and Marlborough Adventurous.
The funds will be managed by IFSL International.
International head of business development, Linda Johnstone, said the move was based on a significant increase in in demand for multi-asset portfolios and its plans to expand to more international jurisdictions beyond Dubai and Singapore.
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