U.S. Bancorp has launched its new fund platform, U.S. Bancorp Global Funds, and its first offering, an offshore liquidity fund domiciled in Ireland, the U.S. Bancorp Liquidity – USD Treasury CNAV Fund.
U.S. Bancorp Global Funds was created to support U.S. Bancorp’s growing international presence. It establishes a framework for future investment offerings and reflects U.S. Bancorp’s expanding presence in global markets. Investment products offered under the brand are established through U.S. Bancorp Global Funds ICAV, an Ireland-domiciled UCITS umbrella fund structure. The U.S. Bancorp Liquidity – USD Treasury CNAV Fund is the first offering introduced under the new brand.
The fund highlights the broad capabilities of the bank’s affiliate structure, with U.S. Bancorp Asset Management acting as the investment manager, U.S. Bank Global Fund Services (Ireland) Limited as fund administrator and U.S. Bank Europe DAC providing depositary services. Carne Global Fund Managers (Ireland) Limited is the ICAV’s designated ManCo.