Martin Currie has merged the £44m global fund and £28m North American Alpha fund into existing funds in the range.
The North American alpha fund, run by product manager Tom Walker, has merged into the £418m Martin Currie North American fund, also run by Walker.
The funds merged on February 24 and investors holding the merged fund on this date are being transferred to the receiving funds.
Andy Sowerby, managing director of sales, marketing and client service at Martin Currie, predicts global equity income will be a big investment trend going forward and so the global fund was merged into global equity income product. (article continues below)
Sowerby says that the lower risk profile of the North American fund suits the more subdued investor appetite than the high conviction North American alpha fund.
He adds that bigger funds are more attractive to investors, where a fund size of more than £50m is of great importance, adding that the mergers are a further part of the rationalisation of the firm’s range of funds that has now been completed.