BlackRock Appoints BNY Mellon to Service the UK’s First Tax Transparent Fund

BlackRock Appoints BNY Mellon to Service the UK’s First Tax Transparent Fund

July 2014

BNY Mellon’s Mariano Giralt introduces the new UK Tax Transparent fund structure and discusses the potential benefits to investors.

  • BlackRock recently appointed BNY Mellon to service the UK’s first TTF.
  • The UK TTF allows investors to maintain their tax position and access double taxation treaty benefits as if they had invested in the fund’s underlying assets directly.
  • At the same time, the TTF offers investors the ability achieve the administrative, governance and scale benefits of investing via a pooled vehicle.
  • BNY Mellon and BlackRock have partnered together to write a white paper outlining the benefits of UK Tax Transparent Funds.

To learn more, download The UK Tax Transparent Fund.