Isis to add two funds to All Share Tracker

Isis is to bring two externally-managed FTSE All-Share tracker funds in-house and merge them with its Isis All Share Tracker, creating a single portfolio of around £415m. As part of the group's on-going fund rationalisation plans, targeted to take place in August, Isis is looking to reduce the overlap it has with its passively managed portfolios. The two funds, the £7m Isis Reo UK Tracker and the £54m FP UK Index Tracker, are currently managed by State Street on a sampling basis. The enlarged fund will be run on a full replication basis by James Harwood, who already runs the in-house tr...