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Cazenove to convert its unit trusts to Oeics


Cazenove Unit Trust Management is converting its range of unit trusts into an open ended investment company.


The Cazenove Investment Fund Company will have 11 sub-funds, nine of which correspond to the existing unit trust range.


Two additional funds, the International Bond fund and the Sterling Bond fund, will be launched to coincide with the introduction of the Oeic.


The launch date is July 2.


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