Flemings trust offering

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By James Thorneley Flemings is to offer an investment trust of investment trusts from the start of n...

By James Thorneley Flemings is to offer an investment trust of investment trusts from the start of next year. The Fleming Managed Growth investment trust, managed by Simon O'Sullivan, will be available through four of the group's wrapper products. The £27m trust was launched on 24 November and was initially for the group's managed pension portfolio holders. Investors were invited either to roll over into the trust or construct their own portfolio from shares in the group's 18 trusts. Around 90% of funds were rolled over into the trust. The group is now looking to broaden the appeal of t...

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