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Merrill Lynch loses funds to Barclays

Merrill Lynch Investment Managers could end up being one of the biggest loser in the Barclays&#39 takeover of the Woolwich, City experts predict.

The fund manager, formerly Mercury Asset Management, manages two highly profitable funds for Woolwich.

It is widely thought the funds, the £1.2bn UK Stockmarket fund and the £680m Corporate Bond Fund, will be switched to Barclays&#39 in-house fund manager, Barclays Global Investors, in the near future.

Since Merrill earns considerable fees for its management of the funds, it will be disappointed to lose control over them.

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