Abbey set to launch five Oeics

group plans fund launches as part of wider restructure and move towards multi-manager

Abbey is to launch five Oeics by the end of the year, as part of its fund restructuring process, which involves a wide-scale move to multi-manager. John Kelly, head of multi-manager development at Abbey, said the five funds would either provide new propositions for customers or offer vehicles for merging and restructuring existing offerings. "This is part of our fund mapping exercise, creating the building blocks for the range as we want it positioned," he said. He added the funds were the first in a planned suite of products that would provide a more coherent offering in the UK and are ...