Now available in its Oeic are the £260m Global Equity fund managed by Adrian Brass and the £160m Global Bond fund run by Kieron Nutbrown. Also transferring into the Oeic are Albert Morillo’s Pan European Equity fund and a global technology mandate.Andy Sowerby, Investec joint managing director, says clients who already hold these funds can expect little change to the portfolios as a result of the move. However, he adds that while the funds will continue with the same objectives, policies and charging structures, the total expense ratios are expected to be lower because the ancillary charges are lower on the Oeic than on the Dublin umbrella. As part of the transfer, two of the offshore funds have been merged into existing Oeic funds. The Select Wireless World fund has been merged into Pauline Nepgen’s Global Technology fund and the Greater China fund has gone into the Hong Kong & China fund run by Mark Breedon. Following the move, Investec’s Oeic range now exceeds £1.75bn in assets under management. This represents a fivefold increase from five years ago when it had only £300m in the Oeic. Although the Oeic funds will all be sterling-denominated, the firm does offer a multi-currency service. This allows shareholders to invest in dollars or euros and to redeem and receive their income in these currencies.