Investec prepares to join the rush for funds

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Investec Structured Products is planning the addition of Ucits III structured funds to its offerings later this year. The funds will remove counterparty risk and offer different return profiles including closed- and open-ended fund structures.  The structured funds market is relatively new in the UK, with CitiFirst launching the first Ucits III combined mutual fund wrapper for the UK independent financial adviser market this year. "In the UK, structured funds are where the structure

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