F&C plans fund rationalisation next month

F&C is writing to investors with a proposal of merging eight of its Oeics into other F&C portfolios ...

F&C is writing to investors with a proposal of merging eight of its Oeics into other F&C portfolios to be effective from the end of June. It plans to merge its Emerging Markets ex Pacific Asia Equity and Latin American Equity funds into its Emerging Markets vehicle, while European Dynamic will unite with European Growth & Income, Japan Growth will join the Pacific Growth. The UK Dynamic will move into the UK Equity fund, the FTSE 100 Tracker will merge into the FTSE All-Share Tracker and the Managed Balanced will combine with the Managed Growth vehicle. Finally, the Managed Distributi...