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Tobam funds approved for the UK reporting fund regime

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French based asset management firm Tobam says its five flagship Anti-Benchmark funds have been approved for the UK reporting fund regime for 2010.



This regime allows Tobam funds invested in the Euro, UK, US, Japan and Global markets to qualify as tax efficient vehicles for UK investors.

The UK reporting fund regime for offshore funds took effect on 1 December 2009 with the aim of enabling UK resident investors in offshore funds to obtain favourable capital gains tax treatment for their investment in such offshore funds.

Laura Vu Thien, UK business development for Tobam, says: “This new status for Tobam funds is an additional step in our company’s development in the UK market. As an EEA Authorised firm, Tobam’s activities are passported on a cross-border basis in the UK, in accordance with the Ucits Directive. Combined with attractive performance and track record, we expect that this tax regime applied to our funds will further facilitate UK investor access to our innovative investment strategies.”

Tobam’s Anti-Benchmark strategies provide clients with diversified core equity exposure, both globally and in domestic markets. The quantitative process provides broad exposure to the available risk premium and avoids the concentration of risk that is found in market cap-weighted benchmarks.

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