Liontrust to merge away first ever fund

The result of a vote by unitholders in the FTSE 100 Tracker fund on the proposal will be announced at an EGM on 19 October, with the merger taking place on 25 October. If the extraordinary resolution for the merger is not passed, Liontrust will seek approval from the Financial Conduct Authority to terminate the Liontrust FTSE 100 Tracker fund. Liontrust chief marketing officer Simon Hildrey said: "The FTSE 100 Tracker was the first fund launched by Liontrust in 1995; this fund is now an anomaly, the only index tracker in our fund range. "We believe in and are committed to the benef...