Emerging markets specialist City of London is looking to overweight Asia and Latin America on a thre...
Emerging markets specialist City of London is looking to overweight Asia and Latin America on a three month view. The move comes as it prepares to roll two of its unit trusts, the Emerging Markets Country Trust and the Emerging Asia Country Trust, into its Dublin-based Oeic fund, Emerging World, and pay IFA renewal commission for the first time. City of London is to ask unit holders to vote on 25 July to allow the two funds to be closed in a move which will also see changes to the charging structure of the Oeic. Paul Hyde, head of UK and European marketing at the group, said the Oeic wil...
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