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The Daley Update

Schroders has appointed Lucy Colback as the new manager of its global emerging markets fund as the first step in an overhaul. Colback, who takes over from Giles Neville, will restructure the fund under a more aggressive mandate, first trimming the number of stocks from 150 to 130.

Britannic Asset Manage-ment is to change the name of its gilt and fixed-interest fund to the Britannic corporate bond fund from Sep-tember 24. Britannic says the name change is cosmetic and will not affect the fund management. It says the old name gave the false impression the fund had a heavy holding in gilts.

Skandia is to link to four Royal & Sun Alliance funds and three Liontrust funds from October 1. RSA&#39s UK prime, UK equity, extra income bond and maximum income bond, along with Liontrust&#39s first growth, first large cap and intellectual capital funds will all be available on Skandia&#39s MultiPep, MultiIsa and MultiFunds sites. Threadneedle money and M&G&#39s high interest will also be added to the service, while Lazard UK smaller and UK income funds will both be added to the Skandia life and pension range.

Close technology & general VCT is to reopen next month in a bid to raise an extra £1.4m. The fund, which raised £14m at launch this spring, will now open from October 5 to November 2. Close says it is also planning new VCT launches for later this year.

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