UK-based asset manager Rathbone Unit Trust Management is set to launch four offshore funds for European investors in May 2016.
Through a master-feeder structure, the proposed Luxembourg-domiciled funds will invest into the Rathbone Ethical Bond Fund, the Rathbone Multi-Asset Total Return, Multi-Asset Strategic Growth, and Multi-Asset Enhanced Growth Portfolios.
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The funds will be denominated in sterling, as well as will be available in currency share classes.
It will be mainly marketed to retail investors via financial advisers, life companies and Qualifying Recognised Overseas Pension Scheme providers.
The funds launch is subject to the approval of Luxembourg regulator Commission de Surveillance du Secteur Financier.
Rathbone Unit Trust Management CEO Mike Webb said: "This launch offers our existing and new clients within Europe greater access to our experience across fixed income and multi-asset investing.
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By GlobalData"The move is in line with our long-term strategy of broadening our distribution through intermediary channels in the UK and now across Europe. Based on demand for our investment services to date, we believe this new market to have considerable growth potential for the business."
