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IO Investors to target UK IFAs with fund duo

Manager-of-manager provider IO Investors is set to introduce two new unit trusts in April in to the UK IFA market.

The South African firm launched in the UK this month under the new brand of IO Investors. Until now, it has run under the Gensec International Asset Management brand.

The two new funds – the global balanced and global equity funds – will invest in a combination of IO&#39s 16 manager-of-manager funds, which are part of a Dublin-based umbrella fund.

Fund managers which manage money for IO include Lombard Odier, Putnam, and Merrill Lynch Investment Managers.

Unlike other manager-of-manager providers such as SEI, which have focused on high-net-worth investors, IO says it intends to target the entire spectrum of intermediary clients. Its two funds will have relatively low minimum investment limits, qualifying for both Isa and Pep transfers.

The firm, which has around £2bn under management since its launch in South Africa three-and-a-half years ago, is part of the Punter Southall Group, which owns consulting actuary Punter Southall & Co.

Director of intermediary business Gary Flowers says: “In composing bespoke solutions, our $3bn under management has given us the scale and scope necessary to develop a comprehensive range of investment products and techniques.

“Our experience of manager-of-manager funds predates the current trend by several years. You could say that we have been the industry&#39s best-kept secret.”


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