Austria-based fund manager Raiffeisen Capital Management has launched share classes for three of its emerging markets equity funds so as to expand its presence in the international market.
The three funds namely the Russia Equities, Eastern European Equities and Emerging Markets Equities funds are now available in sterling and US dollars.
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These funds have their reporting status in the UK.
The move comes in response to demand from UK investors to buy fund shares in their own currency, according to Raiffeisen.
To protect the investors against currency volatility global fund managers have begun offering their funds in various denominations.
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