Petercam has reportedly registered its Luxembourg Sicavs Petercam L Fund for distribution in Italy.
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The funds, which have completed the authorization procedure, are available for private investors since 19 November 2013.
Allfunds Bank will act as paying agent and distributor for the fund, while Santander Private Banking will act as sub-allocator of Allfunds Bank.
Alessandro Fonzi, CFA, country head Italy, said: "Because the sub-distributors, who use the services of Allfunds Bank can offer its customers the funds unique, innovative and with a good track -record, according to the methods and times that are more congenial to them.
"In the first half of next year the firm also completes the registration of the Company under Belgian law Petercam B Fund, which includes the majority of the equity strategies of excellence Petercam" added Fonzi.
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By GlobalDataMost of the Petercam L Fund Sicavs are available both in A and B classes and in the retail classes K and L. The funds have the class distribution of income (A and K) that the capitalization class (B and L).
