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Article: INVESTMENT: The offshore thing.(offshore funds )
- Article from:
- Money Marketing
- Article date:
- May 1, 2008
CopyrightCOPYRIGHT 2008 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Simon Hildrey reports on growing demand for offshore funds from UK investors
Investors from the UK put more money into the Luxemburg-based funds of Franklin Templeton Investments and HSBC Investments than their onshore ranges which suggests that offshore funds are becoming an increasingly important part of the UK market.
Yet the UK market is divided in its use of offshore funds. Discretionary managers, private banks and fund of funds frequently hold offshore funds but the use of offshore funds is much less common among the mainstream IFA market.
This is reflected in the relatively limited number of offshore funds on platforms such as ...