Close Investment Services has merged its Jersey-based foundation fund range with its Cayman-based global fund range, effective from this month.
The combined fund range, to be called Close global funds ltd and domiciled out of Jersey, will available to investors from December 20.
The marketing support, to be released to advisers in the next few weeks, will include a risk profiler to aid clients with understanding the investment risks associated with each fund.
Close fund management department director Simon Dowling says: “The merger will provide clients with greater diversification and choice of investment funds within a single investment company. It will result in an overall net reduction in the allocated costs, fees and expenses of maintaining and managing the funds, and offer free switching between investment funds.”