Omba launches inaugural UCITS on Prescient Fund Platform
Omba Advisory & Investments, a United Kingdom based discretionary investment management firm, authorised by the Financial Conduct Authority, has selected Prescient Fund Services (Ireland) Limited as the UCITS Management Company and Fund Administrator for its first Irish UCITS fund.
The Omba Moderate Risk Global Allocation Fund, which launched today, is a sub-fund on the Prescient Global Funds plc platform, which is authorised by the Central Bank of Ireland as a UCITS umbrella fund with segregated liability between sub-funds.
The Omba Moderate Risk Global Allocation Fund is a globally diverse fund which invests using Exchange Traded Funds (ETFs) across both equity and fixed income markets. The fund has flexibility to reduce or increase its equity weighting based on market conditions and applies a valuation-based approach to tactically overweight and underweight both countries and sectors using ETFs. The fund is a great building block for investors who want diverse, low-cost exposure to different asset classes, countries, sectors and currencies.
The Directors of Omba say: “We’ve been very impressed with the high level of service and expertise of Prescient and their can-do approach to getting everything in place and we look forward to a long-standing relationship as we expand our business.”
Rob Childs, Head of International at Prescient Fund Services Ireland adds: “We are excited to work with the Omba team with their first UCITS fund, building on their previous successes, and look forward to helping them grow."