Marlborough to rebrand funds under multi-cap name

Marlborough Fund Managers is to overhaul its US equity fund and rename its European equity offering to emphasise its focus on multi-cap investing.

The group is proposing to rebrand its North American trust as the Marlborough US Multi-Cap Income fund as of 1 August, bringing the fund in line with its successful UK-focused Multi Cap Income fund. The change, subject to a vote by unitholders on 31 July, will see the fund’s investment objective switch from a focus on capital growth to an aim of achieving an increasing income with the potential for some capital appreciation. Managed by Paul Tryon and Jack Lemery in Boston, the changes will bring the fund - which has underperformed peers in recent years - into line with the pair’s Divi...