UK’s Rathbone appoints HSBC to Luxembourg Sicav

Rathbone Unit Trust Management has appointed HSBC Securities Services (HSBC SS) as a custodian and administrator to a fund in Luxembourg that will act as a gateway to Rathbones’ UK funds.

In March, Rathbones announced it would set up four funds in Luxembourg to provide European investors access to its UK funds for the first time.

HSBC SS designed and implemented the operating model to support the master-feeder structure of Rathbones’ recently launched Luxembourg Sicav which will enable access from Luxembourg into the UK master fund, which is also serviced by HSBC SS.

The structure allows European investors access to the same investment strategies, yields and share class options available to UK investors, with additional currency hedging. It also allows for the cost-effective distribution of Rathbone funds without full replication of a master fund, HSBC SS said.

Carol Hughes, head of client services at HSBC Securities Services Luxembourg, said the collaboration allowed Rathbone to efficiently expand its business across national borders and showed HSBC SS’s could support new fund structures and cross-border distribution strategies.

©2016 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST