Troy to merge Spectrum and Trojan Global Equity funds

clock • 1 min read
Troy to merge Spectrum and Trojan Global Equity funds

Troy Asset Management is merging its Spectrum fund of funds into its Trojan Global Equity fund as efforts to cap costs on the Spectrum fund failed to entice investors, International Investment's sister brand Investment Week has learned. The £133m Spectrum fund will merge into the £405.5m Global Equity fund on 14 May, according to a letter to shareholders. The letter stated the Spectrum fund has experienced "steady outflows" in recent years and a review undertaken by ACD Link Fund Solutions...

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