The private bank in a statement said that the funds will be available for a smaller initial investment of GBP7,500 and will follow the same investment strategies as the bank’s well established segregated scheme, for portfolios in excess of GBP500,000.
They will provide a suitable option for long-term savings plans such as ISAs and pensions, the bank added.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The new fund is managed by the bank’s sister company, Nedgroup Investments (NGI), and Fairbairn Private Bank team continues to be involved in the investment process through membership of the NGI Investment Strategy Committee.
Known as the Nedgroup Investments MultiFunds, the funds offers alternative access to the bank’s discretionary investment strategies through the purchase of shares in collective investment schemes.
The Nedgroup Investments MultiFund is an open-ended investment company (OEIC) which is UCITS IV compliant and recognized by the FSA.
There are three sub-funds available in both sterling and dollar share classes: Income, Balanced and Growth, which ensure access to the widest possible range of underlying investments. The sterling share class is also hedged in order to minimize the impact of fluctuations in exchange rates, the bank said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataGreg Horton, managing director of Fairbairn Private Bank, said: "The launch of the fund solution means we can now offer alternative ways to access our global discretionary investment management service – segregated, for larger investments, and now a collective investment scheme, which can provide attractive taxation advantages for certain investors of all sizes.
"The collective investment scheme also provides a facility to make regular top ups, which is ideal for long-term savers who wish to make regular, periodic contributions into, for example, pensions and ISAs," Horton added.
