Scot Widows creates focused fund range

the oeic conversion will reduce the group's unit trust range from 70-plus funds to 40 oeic sub-funds under four separate oeic umbrellas

Scottish Widows is to create a range of more focused geographical funds in a programme of rationalisations during the remainder of the year. The funds, designed with the intermediary community in mind, will be UK Select Growth, American Select Growth, Japan Select Growth, Global Select Growth and European Select Growth, with each having a more concentrated portfolio than the group's mainstream funds. In all, after the exercise is completed, the fund range will total 40 Oeic sub-funds in four separate Oeic umbrellas, replacing the current 70-plus unit trust range. (See table two.) Many...