Colonial streamlines retail funds

Colonial First State Investments is looking to streamline its enlarged retail fund range following the acquisition of Stewart Ivory, which is scheduled to go ahead on 13 March. Both Stewart Ivory and Colonial describe themselves as running active bottom up investment styles with a strong research driven process. The two fund ranges overlap in US, Far East, UK, emerging markets, European and Japan portfolios. While Colonial has an Oeic the Stewart Ivory range consists of unit trusts. Peter Polson, managing director at Colonial First State Investments Group, said: "Where there are two funds ...