F&C soft-closes convertible bond fund

F&C has soft-closed its Global Convertible Bond fund after assets passed the €700m mark.

The group says it as seen significant inflows into the fund over the last 12 months, with assets now at an 'optimum' level given the current universe of securities it can invest in. The fund, which is run from Amsterdam, had €740m under management at the end of February, while the group runs €2bn in convertible bonds in total. Anja Eiking, head of global convertibles at F&C and manager of the fund, says: "Over the last year we have seen tremendous support for our products as investors have identified convertible bonds as an attractive way of achieving equity market upside with bond-like ...