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Mercury&#39s offshore business up 55 per cent

Mercury Asset Management has posted a 55 per cent increase in sales of offshore funds for the six months to June 30.


The fund manager attributes its success to performance of its funds within the Mercury Selected Trust, a sterling denominated offshore investment range, 85 per cent have achieved average or above average returns.


MAM&#39s retail sales director James Charrington says: &#34Despite the muted impact of Isas across the industry, Mercury&#39s efforts to support IFAs through highly visible advertising and enhanced sales literature have clearly had an effect.&#34

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