Framlington merges euro fund range

Framlington plans to merge its Continental European Smaller Companies Fund into its mainstream European offering. The group is sending documentation on the proposed merger to the fund's 1,500 unitholders on 29 January and it will go to a vote at a unitholder meeting on 14 February 2002. If voted through, the new fund will become effective from 1 March. Neil Birrell, chief investment officer at Framlington, said the company decided to merge the funds for two reasons, firstly on investment grounds and secondly because European smaller companies have not been a popular area for retail inve...