Premier Asset Management is considering closing the three protected funds run by the group, writes R...
Premier Asset Management is considering closing the three protected funds run by the group, writes Ruth Alexander.
Jonathan Fry, joint managing director of Premier, said he is reviewing the funds because the rising cost of options, used as part of the underlying structure of the portfolios.
Fry said there has also been a lack of investor interest in the three products, which are managed by Mike O'Shea, preventing the growth of assets under management. The funds have been running for about eight years, and total assets under management within them has remained at around £10m throughout.
Partner Insight Video: Advisers have had to adapt to the changing investment landscape.
Investment trust savings scheme