Standard Life Investments to shut emerging markets fund after investor withdraws

Matthew Williams' fund will be closed on 14 January 2016, after the group decided it is now considered too small to be commercially viable. The group said the size of the fund - which was launched in October last year - will also prevent it from investing in certain assets that might provide better investment performance, while still continuing to hold a diversified range of assets. However, the $101m Global Emerging Markets Equity Unconstrained SICAV, on which the OEIC was modelled, continues to operate as usual. A spokesperson for SLI said: "We believe there continue to be long-t...