Gartmore is to merge its onshore Japan Smaller Companies Strategy fund into the more mainstream £103...
Gartmore is to merge its onshore Japan Smaller Companies Strategy fund into the more mainstream £103m Gartmore PSF Japan portfolio as part of its four-stage conversion to Oeics. The Oeicing process, which began this week and will continue in three more stages until March 2003, will see very little in the way of fund rationalisation. As the Japanese smaller companies portfolio is only £8.6m, the group is looking to use the second stage conversion, in November, to merge it away. Gartmore will be writing to unitholders later this autumn seeking permission for the merger. The group is a...
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