Capital Group sets up Oeics as part of UK campaign Apr 13, 2021 By Funds Europe
Capital Group is to push deeper into the UK financial advice market with a fund range structured as open-ended investment companies, or ‘Oeics’.
The £1.7 trillion (€1.9 trillion) asset manager, which already distributes 31 Luxembourg-based Ucits funds in the UK, said Oeics would “better support the [UK] intermediary market”.
Capital Group is also launching a brand campaign in the UK to increase fund selectors’ awareness of the firm.
The fund range will consist of active, long-only equity and fixed income fund strategies.
Chris Miles, head of UK financial intermediaries at the firm, said the launch signalled a commitment to growing its services in the UK market and strengthening relationships with financial intermediaries.