Thornburg Investment Management Signs Distribution Agreement with Fundsgate in Switzerland
Thornburg announced an agreement with Fundsgate to distribute existing and new Thornburg UCITS investment funds to professional investors in Southern Switzerland.
Lugano, Switzerland, 16 June 2022 – Fundsgate SA, an independent fund selector and distributor based in Switzerland, and Thornburg Investment Management (“Thornburg”), a U.S.-based global investment firm that oversees CHF 42,8 billion1 in assets as of 30 April 2022, today announced an agreement in which Fundsgate will focus on the distribution of existing and new Thornburg UCITS investment funds to professional investors in Southern Switzerland.
With Fundsgate’s distribution experience in Southern Switzerland, this agreement will complement and expand Thornburg’s current distribution capabilities in Europe and aim to increase the managed assets in Thornburg’s UCITS funds.
Under the agreement, Fundsgate will market and distribute the following strategies: Thornburg Strategic Income Fund (global, flexible fixed income fund); Thornburg Limited Term Income Fund (U.S. investment-grade bond fund); Thornburg Investment Income Builder Fund (income-oriented multi-asset fund); Thornburg Global Opportunities Fund (quality valuation-oriented equity fund); Thornburg International Equity Fund (global ex-U.S. equity fund); and Thornburg Developing World Fund (global emerging markets equity fund).
“The distribution agreement with Fundsgate furthers Thornburg’s growing global presence,” said Chris Elsmark, head of Europe & Middle East distribution. “We are pleased that Fundsgate has selected the high added value and distinctively unconstrained Thornburg UCITS investment strategies for their Swiss clients.”
Andrej Carpani, CIO & Co-founder of Fundsgate, said, “This agreement represents a new strategic partnership between Fundsgate and Thornburg, a prestigious name in global investment management. With a diverse range of investment solutions, we believe Thornburg’s approach, particularly focused on income generation, is highly differentiated.”
“As the first non-European (US-based) asset manager to be represented in the Fundsgate portfolio, Thornburg represents a significant step in our growth. We believe the consistency of the firm’s investment style, its integration of ESG considerations in its investment process, and its track record and 40-year history will appeal to family offices and fund selectors in Switzerland,” said Christian Barozzi, CEO & Co-founder of Fundsgate.
Thornburg is a global investment firm delivering on strategy for institutions, financial professionals and investors worldwide. The privately held firm, founded in 1982, is an active, high-conviction manager of fixed income, equities, multi-asset solutions and sustainable investments. With CHF 42,8 billion1 in client assets as of 30 April 2022, the firm offers mutual funds, closed-end funds, institutional accounts, separate accounts for high-net-worth investors and UCITS funds for non-U.S. investors.
As an independent firm, Thornburg can take on a wide range of opportunities, explore ideas thoroughly and work across strategies to strive for consistent risk-adjusted outperformance over the long term. The firm attracts free-thinking professionals who are eager to pursue investment outcomes beyond the confines of popular wisdom. From nimble operational capabilities to principles and actions fitting of a global citizen, Thornburg’s investment platform and team are aligned on strategy to serve investors.
Thornburg’s U.S. headquarters is in Santa Fe, New Mexico with offices in London, Hong Kong and Shanghai. For more information, visit www.thornburg.com.
Fundsgate SA is an independent fund selector and distributor based in Switzerland. It has a team with over 15 years of experience and expertise in the field of fund distribution. Fundsgate acts as a third-party marketer specializing in selecting investment ideas and providing innovative solutions to its clients. It offers products from a select base of asset managers across a broad spectrum of asset classes and provides direct access to funds managed by some of the world’s best asset managers.
Media Contact, Thornburg:
Michael Corrao, Director of Global Communications
+1 505 467 5345
Media Contact, Fundsgate:
Olga Maksymova Poretti, Marketing & Client Relationship Manager
+41 91 921 09 88
Administrator: State Street Fund Services (Ireland) Limited | ThornburgTA@statestreet.com | +3220.127.116.1180
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Outside the United States
For the European Union: This is a marketing communication. KBA Investments Limited is licensed in terms of the Investment Services Act (Cap 370) as an Investment Firm and is regulated by the Malta Financial Services Authority (Authorisation ID KIL2-IF-16174). KBA Investments Limited is a sub-distributor in certain countries in the European Union for Thornburg Global Investment plc on behalf of sub-distributor Thornburg Investment Management Limited, registered in England and Wales, no: 08533188. For the full list of EU countries, please visit the MFSA Financial Services Register at www.mfsa.mt/financial-services-register.
Registered Office: Trident Park, Notabile Gardens, No 2 – Level 3, Zone 2, Central Business District, Birkirkara, Malta
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1 Includes US $42 billion in assets under management and US $2 billion in assets under advisement as of 30 April 2022 and at a conversation rate of 0.97 Swiss franc per U.S. dollar.