Investec (Dublin) Makes A Bid For European Investment Market, Adds Four Extra Funds

Carla Johnson, Investors Offshore.com

20 March 2001

The Dublin office of Investec Asset Management, the specialist international investment management company, is offering an additional four investment vehicles in the form of a global equities fund and a global bond fund in a bid to make its mark on the European investment market.

Investec sells funds to investors worldwide. The company's offshore funds are domiciled in Guernsey and Dublin and distributed by its offices in the UK, South Africa and Hong Kong. While its Guernsey office provides for UK-based investors the new Dublin funds will be looking at reaching into mainland Europe. Director Philip Saunders says: 'What we are doing is putting a concentrated effort into developing our Ucits platform.'

The first two funds, a global equities fund and a global bond fund, will be launched on 23 March with a minimum investment requirement of either $3,000 or $2,000 which is yet to be decided. The products will be Ucits compliant to enable Investec to register in Germany, the Netherlands, Scandinavia and Switzerland in addition to offshore centres around the world.

The final two funds which have been marketed in the Guernsey range but not in Dublin until now are a pan-European fund and the technology-themed Wired fund. They will become available in the next two to three months.

Investec says the funds charge an initial fee of 5%, of which 3% is available to brokers and there is an annual management charge of 1.5% for the equity funds and 0.75% for the bond fund.

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