M&G to merge funds of funds

M&G's Jonathan Willcocks

M&G's Jonathan Willcocks

M&G has received approval to merge the £40m Fund of Investment Trust Shares, run by Richard O'Connor, into the £811m Managed Growth fund following a shareholder vote. The merger was proposed due to the similarities in the underlying assets of the two vehicles and dwindling demand for the Fund of Investment Trust Shares; both mainly hold a diverse range of other investment vehicles. It will take place on 14 June 2019. The Managed Growth fund will continue to be managed by head of the mac...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?