The group has informed shareholders of plans to merge the £24m European, £31m North American and £9m Japanese portfolios into its international fund while also merging its £11m Asia-Pacific fund into the £9m emerging markets fund.
The team is also planning to relaunch its £15m global bond portfolio as a multi-asset diverisified fund, an area which Duce and colleague Rob Bowie specialised upon prior to taking on the multi-manager range back in March.
The portfolio, which is currently in use on the private banking side, looks to offer a yield in excess of 5 per cent, with the managers selecting funds based on its three silos of core, satellite and plus (tactical) holdings.
Should shareholders approve, the changes will be enforced by the end of August.
Read more in this week’s Money Marketing.