UK unit trust launch plan from Merrills

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Merrill Lynch Investment Managers plans to launch a UK unit trust, based on its strong-performing Mo...

Merrill Lynch Investment Managers plans to launch a UK unit trust, based on its strong-performing Most United Kingdom fund, writes Jenne Mannion. To be launched in November, subject to FSA approval, the fund will mirror the £248m frAA rated Most UK fund, which is part of the Mercury Offshore Sterling Trust umbrella domiciled in Luxembourg. That portfolio was launched in November 1986. The name of the fund has not yet been decided. The onshore portfolio is to be managed by Peter Davis and the objective is to achieve long-term capital growth by investing primarily in a portfolio of shares o...

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