UK-listed Renaissance Asset Managers, the investment management arm of Renaissance Group, has received regulatory approval to distribute five of its UCITS funds in Switzerland.

The five Renaissance funds - Russian Debt, Russian Equity Allocation, Sub-Saharan, Cautious Managed and Frontier Markets - are registered in Luxembourg and are already distributed in Finland, France, Germany, Spain, Sweden and the UK.

“Currently, we see increased appetite for our Sub-Saharan and Eastern European funds. In Russia, unlike other BRIC bond markets, we believe that the economic fundamentals, combined with the announced liberalisation of the bond markets, will provide a catalyst for foreign investors and presents a very attractive investment opportunity,” said Barbara Rupf Bee, Renaissance chief executive.

Renaissance’s Frontier Markets Fund was launched in March this year. The firm recently announced plans to transform its Russian Infrastructure Equities Fund from a closed-ended investment vehicle to an open-ended UCITS fund, to tackle a large share price discount and improve liquidity.

Renaissance was founded in 2003 and has $2.9 billion in assets under management.