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F&C unveils fund rationalisation plans

F&C has unveiled proposals to merge eight of its funds into other portfolios run by the asset manager.

The group has written to shareholders to approve the merging of the emerging markets ex Pacific Asian equity, European dynamic, FTSE 100 tracker, Japan growth, Latin America equity, managed balanced, managed distribution and UK dynamic funds.

If approved by shareholders at a meeting on 10 June 2009, the mergers should be concluded by the end of the month.

F&C head of UK retail John Yule says: “We have concluded that these funds are subscale in size and in each case we believe that the prospects of attracting new assets into the fund are very limited in the current climate.

“Small funds, which are unlikely to grow, can have disproportionately high costs compared to larger funds and it can be difficult to deal efficiently with the underlying investments. We therefore consider it to be in the best interests of shareholders to merge these funds into others with greater scale. Streamlining our fund range will also provide our fund managers with greater focus.”


Response to Barclays has more questions to answer article

Surely, I am not alone in believing these companies really think they can just do anything they want. They seem to be totally unfazed by complaints however many people are involved and they seem to feel that justice is whatever they decide it should be.

The FCA’s five fixes for retirement information

The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]


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