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SLCAM gives green light for Oeic conversion

SLC Asset Management subsidiary Sun Life of Canada Unit Managers has gained overwhelming approval for the conversion of 10 of its unit trusts into Oeic sub-funds.

Of unitholders who responded, 95 per cent voted for the change, which will affect assets worth over £1bn. The Oeic will consist of 10 sub-funds covering UK Growth, Smaller Companies, Extra Income, European, North American Growth, Japan, Corporate bond & Gilt, Managed Assets, Worldwide Growth and Asia Pacific.

SLCAM head of marketing and client service Jim Owen says: “This move will enable us to offer more flexible, simple and efficient investment solutions and supports our plans to be a major player in the retail market.”

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