Standard Chartered Bank together with FundRock Management Company S.A. (FundRock) are launching a new multi-manager fund platform solution for Asian, African and Middle Eastern based asset managers looking to explore Luxembourg domiciled Undertakings for Collective Investment in Transferable Securities (UCITS) structures.
The Luxembourg “Straight2UCITS” fund platform solution will offer a simpler, faster and more cost effective way for Asian, African and Middle Eastern based investment managers to access the UCITS brand for global distribution. By using a dedicated Luxembourg UCITS umbrella structure, the platform will allow boutique managers and those new to cross-border distribution to build assets and track record through dedicated and entirely segregated sub funds, without the expense and time required to create and manage their own UCITS fund.
The Straight2UCITS model creates a simplified ‘go to market’ proposition with complete infrastructure allowing managers to launch, operate and distribute dedicated UCITS sub funds all within a robust risk and compliance control environment. The low set up costs and reduced administrative burden ensure speed to market and Total Expense Ratio (TER) efficiencies for managers and their end investors.