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BBH to service Lord Abbett’s Ucits funds

18 June 2014


BBH will provide services support for newly-launched range of Irish Ucits funds

Read more: Irish Ucits BBH

Brown Brothers Harriman (BBH) has been selected to provide service support for Lord Abbett's newly-launched range of Irish Ucits funds.
 
The fixed-income fund range, which has been called Passport Portfolios, consists of a duration-income fund, strategic-income fund and a high-yield fund.

"[Lord Abbett's choice] came down to BBH's global enterprise and their track record of successfully servicing Ucits products for their clients," said Joan Binstock, partner and chief operations officer at Lord Abbett.

"Europe continues to be an integral part of our strategy," said Seán Páircéir, partner at BBH.  "We look forward to supporting Lord Abbett in all facets of their Ucits business."

The funds, which have surpassed $250m in inflows since their launch in March, will be marketed first in the UK, Ireland, Netherlands, Denmark, Finland and Norway. Other European markets are expected to follow.

"The launch of our Ucits platform is an integral component of our international growth strategy," Páircéir added.


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