Martin Currie has merged its £44m global fund and £28m North American alpha fund into existing funds in the range and has relaunched its European equity fund as an income fund.
The global fund, which is run by investment manager James Fairweather, has merged into the £18m Martin Currie global equity income fund, which is managed by Alan Porter.
The global alpha fund was down by 9.2 per cent to January 31, compared with the MSCI AC world index, which was down by 1.5 per cent.
The global equity income fund was up by 2.9 per cent, compared to the MSCI world index, down by 1 per cent.
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 North American fund was down by 2.3 per cent to January 31, compared with the MSCI North America index, which was up by 4.7 per cent. The North American alpha fund was down by 7.7 per cent compared with the same benchmark.
Both funds merged on February 24.
Martin Currie relaunched the European fund as Martin Currie European equity income last week. The fund aims to return an income yield greater than the MSCI Europe ex-UK index.
Manager Ross Watson expects a dividend growth of 7 per cent from the portfolio next year.
Whitechurch Securities managing director Gavin Haynes says: “It is no surprise Martin Currie has merged the North American alpha fund into the better-performing North American fund.”