Marlborough International Management has launched Guernsey-domiciled feeder funds for the top-performing Marlborough Special Situations Fund and the Marlborough High Yield Fixed Interest Fund.

The feeder funds will provide offshore investors with access to the two UK funds, which are UCITS vehicles operated by Marlborough Fund Managers. They launched on Monday 17 June and after a two-week fixed offer period the first pricing date will be Monday 1 July.

Marlborough Special Situations invests primarily in UK smaller companies and is managed by a team led by Giles Hargreave, one of the most respected names in this specialist field. It is the top performer of all UK-authorised unit trusts and OEICs investing in UK equities over the period since Giles took the helm in July 1998 - returning 1,434% to 3June this year, compared with 84% by the FTSE 100 and 97% by the FTSE SmallCap excluding Investment Trusts.

The Marlborough High Yield Fixed Interest Fund is co-managed by fixed interest specialists Paul Reed and Mark Sanders, who are supported by an experienced team. The fund has a distribution yield of just over 9%.

John Heap, Managing Director of Marlborough International Management, said: "Marlborough Special Situations has an exceptional long-term track record in achieving capital growth and Marlborough High Yield Fixed Interest pays one of the highest yields in its sector. Both funds have a loyal following among UK investors and the Guernsey feeder funds now provide offshore investors with the opportunity to join them."

The administrator for the feeder funds will be Louvre Fund Management in Guernsey. They will carry an initial charge of 5%, with adviser commission available, and the annual management charge will be 1.1%, including trail commission.

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