Raiffeisen Capital Management, founded in 1985 and currently Austria’s largest asset manager with a 20 per cent market share and EUR32billion in assets, has launched
Raiffeisen Capital Management, founded in 1985 and currently Austria’s largest asset manager with a 20 per cent market share and EUR32billion in assets, has launched a Lux-domiciled SICAV for four of its emerging market funds reported WealthBriefing this week. The decision was made so as to widen Raiffeisen’s investor base in Luxembourg, Northern Europe and globally. The stable of funds now open to investors includes: Raiffeisen EmergingEurope Equities, Raiffeisen EmergingMarkets Equities, Raiffeisen Russian Equities and Raiffeisen EmergingMarkets LocalBonds. In a clear sign that the Vienna-based firm – already represented in 18 countries – plans on becoming more internationalized, Raiffeisen Capital Management’s CEO Mathias Bauer (pictured) confirmed that “the activities in Luxembourg are yet another step in this direction”. “Considering that about 75 per cent of all cross-border fund business is accounted for by SICAVs,” said Bauer, ”we are confident that our launch of this SICAV will be ideal for meeting our customers’ needs in Luxembourg and will help to further develop our international fund business.”
