Martin Currie to launch four funds after strategic review

Martin Currie is planning a raft of new launches, fund changes and an increased focus on investment trusts following an 18-month strategic review.

The firm will launch a Latin American fund for the emerging markets team it poached from Swip in May, as well as three absolute return vehicles based on hedge fund strategies previously unavailable to retail investors. Meanwhile, its UK Growth fund will be merged into the group’s Global fund, while its UK Equity Income product will be converted into a Global Equity Income vehicle. Jeff Saunders, the manager of the UK Growth fund, is to leave the firm. The group will now focus on its flagship UK growth and income vehicle, Securities Trust of Scotland managed by Ross Watson. Andy Sowerb...