Scottish Widows Investment Partnership is looking to boost sales into continental European with the launch of a Luxemburg-based Sicav.
Eight funds will be placed in the Sicav initially, with all being offered in euro and dollar denominations.
Head of distribution Simon Wombwell says: “Offering a Sicav structure will further increase the availability of Swip’s funds throughout continental Europe. We have seen great success with new business wins in southern Europe, Germany and Scandinavia across a range of asset classes.
“The Sicav will offer a range of possibilities for clients’ investment strategies including European large and small-cap equities, focused returns from emerging markets as well as indirect access to the European real estate sector.
“We have added absolute return funds to the package to offer clients the chance for positive returns in falling markets at a time when institutional clients across Europe are taking a much closer look at risk and return.”