Morgan Stanley has soft-closed its Global Brands fund to retail investors in a bid to preserve the performance of the top-performing portfolio.
The fund, run by Peter Wright, William Lock and team has become increasingly popular among leading multi-managers - including Jupiter's Merlin team - in recent months. Aiming to outperform the MSCI World...
Opportunity to buy cheap
Maiden results since IPO on AIM
Zero-tolerance approach to ailing companies
There are some long-standing practices in the asset management industry which are clearly ripe for review. However, removing past performance data from key funds documents appears a dangerous step and one likely to create worse outcomes for consumers.
"Sluggish" Modi faces continued criticism