Funds

The board of Harry Nimmo's £163m Standard Life UK Smaller Companies trust has axed its performance fee, in a move to offer a transparent charging structure ahead of the impending retail distribution review (RDR).

BlackRock plans to float a North American equity income investment trust next month, to be managed by Bob Shearer and Kathleen Anderson.

Matrix Group is closing both its UCITS platform and its Asia sub-fund later this year.

REGISTER NOW

LIKE-FOR-LIKE?

Murray International trust has reported a rise in interim profit and returns but chairman Kevin Carter said securing positive financial returns may prove "difficult" in the near term.

Francis Brooke, manager of the Troy Income & Growth trust and £780m Troy Trojan Income fund, said his trust is positioning for further mergers following its takeover of two rivals.

Cofunds is to provide its adviser users with access to a range of discretionary fund managers (DFMs) via the wrap for the first time.

LATIN AMERICA

FINALISTS