Premier Asset Management has won shareholder approval to merge its Global vehicle into the Enterpris...
Premier Asset Management has won shareholder approval to merge its Global vehicle into the Enterprise fund. Premier inherited the Global fund when it bought BFS Investments in 2005 and is now bringing the two funds of investment trusts together. The group wanted to expand the parameters of Enterprise, which is restricted in what it can buy outside the UK. Sales and marketing director Simon Weldon said: "The Enterprise fund is geographically diversified but could only invest in UK-listed trusts. By merging the two funds, the investment remit of Enterprise now matches that of the Global...
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