Colonial no longer in the name

Colonial First State Investments has entered the next stage of its restructure, registering several funds for sale in Europe and dropping the word 'Colonial' from the company name, writes Dylan Emery. The acquisitive company is looking for managers to boost its weak UK and European offerings to support its sales in Europe. The firm's Oeic range will be registered in Germany and Austria at first, followed by France, Italy and Sweden. Holland and Spain, to which the company already sells via fund of funds vehicles, will also be targeted. Registration in Switzerland has already been applied...