Group has merged three of its luxembourg-BASED sicavs creating $14.5bn 61-fund platform
The merger of three of Merrill Lynch's Luxembourg-based Sicav fund ranges has opened a number of previously unmarketed funds to UK brokers involved in offshore business. Among the most distinctive of these are three of the six US equity sub-funds of the Merrill Lynch International Investment Funds (MLIIF) platform. These are the US Basic Value, US Focused Value and US Small Cap Value funds, all of which are Standard & Poor's rated. The 61-fund, $14.5bn range, which is now available in 27 countries, has been created from the mergers of the Mercury Selected Trust, the Merrill Lynch Equ...
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