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Martin Currie set to widen absolute range

Martin Currie is considering adding a further three funds to its Ucits III absolute alpha range.

The firm is set to launch its European, Japan and global resources absolute return offerings on September 29.

Managing director of marketing, distribution and product development Andy Sowerby says it may look to offer its global financials, TMT and energy products to the market in the future.

The absolute alpha range are all Ucits III-compliant funds that sit in its Luxemburg Sicav with retail and institutional share classes as well as daily pricing and dealing.

The funds will aim to mitigate downside risk by limiting market exposure. They target two-thirds of positive market returns while protecting capital by limiting falls to one-third on the downside.

The funds are based on existing hedge fund offerings managed by the same teams at the firm.

Sowerby says: “We may look to add them in the future as we feel that of the seven-strong range, only our China offering would struggle to offer daily pricing and dealing due to liquidity but there are no firm plans at present.”

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