Rathbones is to request formal FSA approval for the merger of Rathbone High Income and Rathbone Blue Chip Income and Growth this week.
The proposal to merge the two funds was announced last month and saw the immediate departure of High Income manager, Hugh Yarrow. Blue Chip Income and Growth was also renamed from Income and Growth as part of the company's reshuffle with CIO, Julian Chillingworth maintaining control of the fund. The firm is also seeking approval to merge its Special Situations and Smaller Companies funds, to be co-managed by Julian Chillingworth and Marina Bond. The FSA has one month in which to approve the merger. Once granted, a circular will be send to unitholders in all funds. To comment on this a...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
