T.Bailey has got the go-ahead by the Investment Management Association to provide 5-year performance data when its existing, separate, fund-of-funds products hit the fifth anniversary target in a single, merged form.
The plan is for the provider's existing institutional and retail fofs merge into a single fund offering two charging structures by 22 October ahead of the 13 December anniversary date. The single fund will be rebranded as the T.Bailey Growth fund, while a new Equity Income fund will be launched by November this year to meet retail demand. Richard Martin, chief executive, says the company has seed capital for the new fund, but is overall targeting some £10m of new money in the first instance. The Equity Income fund will place the money with a number of funds Martin terms “the usual ...
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