Independent financial services firm BACCI Investment Solutions has launched its first Ucits-compliant fund, with a global equity strategy being domiciled in Ireland.
The fund, which will sit on the Prescient Global Funds Icav platform, aims to achieve long-term, sustainable returns by investing in high quality global equity stocks.
The BACCI team will utilise a fundamental analysis approach over time, aiming to minimise any style bias, resulting in a concentrated yet well-diversified portfolio. The reference benchmark is the MSCI World All Country Index.
Commenting on the launch, Vanessa Hofmeyr, chief investment officer of BACCI, said: ‘Adding a Ucits-compliant fund to our global investment solution both widens the scope of our offering and is a highly efficient structure that will benefit our clients materially.
‘As the Irish jurisdiction Ucits fund was our preference, and considering Prescient’s proven track record in being the platform of choice, it was a simple decision to partner with Prescient Fund Services.’
Prescient Fund Services is an independent global provider of flexible outsourced management company, platform and administration services. It has assets under administration or management in excess of $30bn as of 31 December 2019.