M&G has received approval to merge the £40m Fund of Investment Trust Shares, run by Richard O'Connor, into the £811m Managed Growth fund following a shareholder vote.
The merger was proposed due to the similarities in the underlying assets of the two vehicles and dwindling demand for the Fund of Investment Trust Shares; both mainly hold a diverse range of other investment...
Scope for change post-Brexit
To tackle liquidity issues
More than £100m in pipeline
Results published last week
'Heavily influenced by Morningstar'