Neptune to merge Global Income with Geffen's Global Equity fund

Neptune plans to merge its Global Income unit trust with its Global Equity fund, giving investors acc...

Neptune plans to merge its Global Income unit trust with its Global Equity fund, giving investors access to a larger pool of assets with the addition of a new Income share class. Global Equity, which has £548m under management, is a sub-fund of the firm’s Oeic, Neptune Investment Funds. The Income share class will enable global income investors to receive some of their return in dividend payments. The group emphasised the merger would not involve any extra charges for unit holders. Robin Geffen, manager of the Neptune Global Equity fund said: “The objective of the Global Income fund was...