Investec merges portfolios

Rationalisation sees guinness flight uk equity income portfolio become a uk value fund

Investec is to create four funds as part of an Oeic conversion process which will see the Guinness Flight brand disappear from the retail market. These four new portfolios are being created as the result of a series of fund mergers. The most significant will be the Investec Monthly High Income fund, which is to be created from the combination of the European Bond and the Global High Income Bond trusts. Three other Oeic funds to emerge from fund mergers are the Investec UK Smaller Companies Trust, the Investec Global Free Enterprise Trust and the Investec Hong Kong & China Trust. The ...