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Royal & SunAlliance launches Oeic

Royal & SunAlliance is launching an Oeic following the conversion of six of its unit trusts into five funds.


The equity trust and the Royal Life equity growth trust have been converted to the equity fund, the equity income trust becomes the equity income fund, the FTSE Allshare tracker trust becomes the FTSE Allshare tracker fund, the European trust becomes the European fund and the international growth trust becomes the international growth fund.


R&SA Unit Trust Management managing director Nick Criticos says: This is an important step in the development of both our institutional and retail business.


&#34Our very competitively priced Oeic will enable us to provide cost effective investment solutions to meet our clients needs.&#34

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