Sparinvest, the Danish independent asset management group has announced received authorization from the FSA to market its Luxembourg-domiciled fund range to UK investors with immediate effect.
“This is excellent news for Sparinvest,” says Sparinvest’s Head of Business Development, Frits Carlsen. “We are really looking forward to doing business in the UK and to introducing our unique brand of value investing into this hugely influential market. It seems that UK institutions like to keep a close eye on what’s happening on the international fund scene because we have already had a number of enquiries about our Sparinvest Global Value equity fund on the basis of its performance to date and its positive profile with a number of ratings agencies.”
Sparinvest’s principal product for the European marketplace is the Luxembourg-registered Sparinvest SICAV which currently comprises the following subfunds:
Sparinvest Global Value – Net assets € 506.4 million Sparinvest Long Danish Bonds – Net assets DKK 311.6 million Sparinvest High Yield Value Bonds – Net assets € 174.3 million
New retail and Institutional GBP and EUR denominated share classes are now available in each of these subfunds and Sparinvest has restructured them to act as distribution funds in order to obtain UK distributor status. The SICAV is already authorized for sale in Luxembourg, Germany, Denmark, Holland, Sweden, Norway and Iceland.