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Vam Funds Lux range gains approval to market in the UK

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Investment boutique Vam Funds has gained Financial Services Authority approval under Ucits III regulation to market its Luxembourg-domiciled Vam Funds Lux range in the UK.

The development will assist the company’s expansion in the UK retail market.

Eight funds have gained approval from the FSA: Vam US Micro Cap Growth Fund; Vam US Small Cap Growth Fund; Vam US Mid Cap Fund; Vam US Large Cap Growth Fund; Vam Emerging Markets Growth Fund; Vam International Real Estate Fund; Vam World Growth Fund; and Vam Asia Fixed Income Fund.

Seven of the funds are managed by Driehaus Capital Management. The Vam Asia Fixed Income Fund is managed by Enhanced Investment Products in Hong Kong.

Michael Hunt, managing director of Vam Funds, says: “The move into the UK market is an important milestone in the development of Vam Funds as a global business. The UK has set the standard in fund regulation and expertise. FSA approval represents and an important affirmation of the quality of the Vam Funds Lux offering.”

The Vam fund range will be available to UK investors predominantly through personal portfolio bonds, platforms and discretionary managers.

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