BGI to roll unit trusts into Oeic

Barclays Global Investors (BGI) is to roll 13 unit trusts into an Oeic during the third quarter and use this platform to market more aggressively to IFAs, writes Robert Stock.. The move, which involves some £2bn in assets, will see the group introduce a number of institutional and retail share classes for investors. The funds, which are managed using BGI's quant investment method, consist of 11 BGI branded funds already sold via intermediaries and two other unit trusts, branded Barclays until this month, which have previously not been distributed through IFAs. These are the European and A...