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Article: Why so little interest in offshore funds?
- Article from:
- Investment Adviser
- Article date:
- August 18, 2008
CopyrightCOPYRIGHT 2008 FT Business. 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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Byline: Jim Robinson
It is a struggle to get advisers in the UK to look beyond their own shores for investments
In the UK, your average financial adviser would appear to have little interest in offshore funds.
True, nine out of every 10 IFAs do use offshore funds - domiciled in, say, Dublin or Luxembourg - but those funds account for only a 10th of clients' overall portfolios, according to a study by HSBC Investments. The lion's share of offshore demand comes from the likes of discretionary managers and multi-managers. Your core, run-of-the-mill financial intermediary, for the most part, could not care less.
For many asset managers, ...