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SG Asset Management converts last unit trusts

SG Asset Management has converted its American Growth and UK Concentrated Core unit trusts into Oeics, bringing them into line with the rest of the fund manager’s range of portfolios.

The two funds were not converted last May, like SG’s 17 other onshore funds, because they were undergoing internal restructuring at the time.

Management of American Growth was outsourced to TCW’s Komal Sri-Kumar last year, while UK Concentrated Core formerly invested in Europe, the Middle East and Africa.

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