View more on these topics

Insight shutting two funds

Insight Investment is to close its UK smallcap and evergreen funds after some principal investors redeemed their holdings.

Insight says the move has made both funds economically unviable, with the UK small-cap fund to close on May 7 and the evergreen fund on June 11.

The £22m evergreen fund has been managed Alex Illingworth since August 2003, the fund has fallen by 8.8 per cent in the past three years, compared with the average fund in the IMA global growth sector falling by 4.8 per cent.

The £62m UK small-cap fund is managed by Ed Robinson and is third quartile in the UK small companies sector over three years, falling by 22.2 per cent compared with an average fall of 20.6 per cent.

The move will bring the number of closed vehicles for Insight to eight after the sale of its third-party investment management business to BNY Mellon. The funds are part of a number of assets being passed over to Scottish Widows Investment Partnership

Recommended

Technology packages can cut wrap costs

Platforum says firms looking at launching a corporate platform should use off-the-shelf technology to avoid high costs. In its corporate platforms white paper, Platforum says the cost of running platforms is significant and new entrants should buy in their technology. Managing director Holly Mackay says: “There are very few providers who should be assessing an […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com