OMAM restructures fund range

Old Mutual Asset Management (OMAM) is converting 19 unit trusts into an oeic structure and merging ...

Old Mutual Asset Management (OMAM) is converting 19 unit trusts into an oeic structure and merging a number of vehicles that have similar objectives and management. OMAM currently has one oeic but plans to convert its range of unit trusts on a dual pricing basis in a revamp of the fund range. Simon Wilson, head of marketing at OMAM, said the restructure was to better position the range for clients. The funds will also adopt Ucits III, subject to FSA approval, and are proposing the ability to use wider powers on the funds. A number of smaller vehicles will become part of their peers, re...