RaboDirect, the online Irish retail banking division of Dutch bank Rabobank, is to offer investors funds managed by Oppenheim Investment Managers.
Oppenheim previously managed EBS’ Summit Funds, but this relationship ended when EBS initiated a tied agency relationship with Irish Life Assurance plc, to act as bancassurance product provider going forward.
Initially two funds, the Oppenheim Balanced Fund and the Oppenheim Growth Fund, will be available directly to retail investors through RaboDirect, on an execution-only basis.
This brings the total number of funds on offer from Rabodirect to 22, with over ?23 million in investments. |
