BGI funds move to MM platform

Barclays Global Investors (BGI) is looking to transfer eight funds to Barclays Wealth Management's m...

Barclays Global Investors (BGI) is looking to transfer eight funds to Barclays Wealth Management's multi-manager platform on 9 November. The transfer will be put to a shareholder vote later this month. These funds are currently run on an active quantitative basis and will move to a manager of managers approach if the transfer to the wealth management division gets the go-ahead. BGI said the funds would use Ucits III powers and single pricing under a Coll structure with L&G acting as the ACD for the vehicles. The offerings to move include BGI's American Growth, Equity Income, European, G...