Merian Global Investors (Merian GI) is handing the management of its large-cap European equities fund to the global equities team, headed by Ian Heslop.
The company has announced that although there will be no change to the Merian European Equity Fund's investment objective, which seeks capital growth by investing in pan-European stocks, the fund will adopt the global equities unit's systematic process.
This change implies that the new team responsible for the management of the Fund, will assess individual stocks based on a number of factors including the attractiveness of their valuation, quality, price trends, stable growth prospects, investor sentiment and company management when constructing the fund's portfolio.
Merian Global Investors' global equities team manages a number of regionally-focused funds investing in North American and Asian equities alongside this European fund, thus expanding its regional offering.
The company said it believes this change will improve outcomes for investors without materially impacting the funds' risk profile.
Ian Ormiston, who has overseen the fund since the departure of Kevin Lilley in 2017, will continue to manage his flagship European smaller companies fund.
Ian Heslop, head of global equities, said: "Using our adaptable approach we constantly assess market sentiment, flexing our portfolios in order to select the best investment ideas for every economic environment. Despite caution towards European equities, we believe there are exciting outperformance opportunities to be found using our process. We look forward to adding value for investors."