As one speaker said, the rules are designed to have EU managers of EU domiciled funds, with EU custodians, EU auditors and EU prime brokers.
Labor has attacked Malcolm Turnbull's investments in Cayman Island domiciled funds, questioning whether they are "appropriate" or evidence the new prime minister does not want to play by the same tax rules as other Australians.
domiciled funds, to not repatriate the assets for up to 10 years.
Best bet in the U.K.: Mercury Offshore Sterling Trust U.K., a Luxembourg-domiciled fund denominated in sterling.
Funds-of-funds domiciled on shore now number nearly 400 and hold more than $49 billion in assets — up 69% in three years.
The value of funds administered in Dublin is worth €1,890bn, split evenly between Irish and non-domiciled funds.
It's just that the vast majority of Americans don't get the opportunity to invest in Cayman Islands-domiciled funds, whatever the law may say.
Non-U.S. investors should consult a tax adviser before buying U.S.-domiciled funds.
But its sound advice applies as well to global investors considering offshore and other non-U.S.-domiciled funds, including those found on pages 49 to 63. (To see FORBES' U.S. funds guide, visit www.global.forbes.com after Aug. 10).
Cortez et al. (2012), Cortez et al. (2009), Renneboog et al. (2008), Kreander et al. (2005), Bauer et al. (2005), Schröder (2004) and Kreander et al. (2002) detect no significant underperformance of SR funds domiciled in Germany compared to conventional funds.
Norman M. Fidel, who runs Alliance Capital's International Healthcare fund (domiciled in Luxembourg), thinks that this lagging sector is worth a look.
