View more on these topics

Marlborough reduces multi-manager range

Marlborough Fund Managers is merging its active managed and international funds of funds, reducing its multi-manager range to three funds.

The company says its 4m active managed and 4m international equity funds, run by Gurjit Soggi, have too similar portfolios and are unecon- omic in size.

It was felt that the active managed fund was surplus to requirements so a decision was taken to merge it with the international equity fund. Soggi, who also manages the Marlborough equity and bond income fund of funds, will run the combined fund.

As a result of the merger, the option to invest in in- come units, available on the active managed fund, will be withdrawn. This means that only accumulation units will be available from hereonin.

It also reflects the lower level of interest in income units and the merged fund’s objective of capital growth rather than income.

Marlborough says it has several fund launches in the pipeline but these will be single-manager portfolios.

Marlbrough head of marketing Wayne Green says: “The income-only units on the active managed fund date back to when the fund was managed by a third party but when Marlborough took on the management, this did not change.

“The merged fund will be managed for capital growth, so it does not need income units, but we are keeping the income units on the equity and bond income fund.”

Recommended

Child trust funds boosting savings

Child trust funds are changing saving behaviour, with more parents saving more money towards their children’s future, says The Children’s Mutual. The company says it has seen an increase of 50 per cent in the number of new parents saving for children than before CTFs were introduced. Before the launch of CTFs, research from The […]

PFS appoints two vice-presidents

Syndaxi Financial Planning director Robert Reid and Nicholls Stevens Financial Services principal Carole Nicholls have been appointed vice-presidents of the Personal Finance Society.

The silly season…

The silly season is not yet behind us. Eager to keep us in the summer spirit, Abbey lets us know that more than nine million UK adults would buy relationship insurance, should such a thing exist. Can’t imagine many insurers would be willing to under-write the likes of Liz Taylor or Joan Collins, though.

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