Sarasin & Partners has shifted its Guernsey fund range to Ireland to add Ucits IV powers to the funds, Financial Times reports. The funds can only hold a maximum of 10% in cash and around 5% in specialist funds, as per Guernsey rules.
As a part of this rule, the pricing structure of the fund has also been changed to single price from bid/offer dual pricing structure. The overall fund costs will be reduced on account of lower fund administration charges.
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