Colonial First State's (CFS) Oeics have now integrated a number of the remaining Stewart Ivory unit ...
Colonial First State's (CFS) Oeics have now integrated a number of the remaining Stewart Ivory unit trusts.
The move which took place on 2 February finalises the merger between the two investment houses.
The Stewart Ivory British unit trust has been merged into the CFS UK Top 50, which will change its name to CFS British Fund. CFS Global Emerging Markets fund will keep the same name, despite being merged with the Stewart Ivory Emerging Markets unit trust. The Stewart Ivory American has been integrated into the CFS American Growth, and will be known as the CFS American fund.
The CFS Japanese fund has been amalgamated into the Stewart Ivory Japan and CFS Japanese Growth funds.
Additionally, the Stewart Ivory European Smaller Companies fund will be known as the CFS European Smaller Companies fund.
The Stewart Ivory Global Opportunities, Stewart Ivory Managed Equity, Stewart Ivory Investment Markets and SI Securities funds are unaffected and will not be converted to Oeics at this stage.
What made financial headlines over the weekend?
The chairman doggedly tries to be amusing
'Profitability is almost a myth'
Active Wealth in liquidation
Cautious welcome for volatility