Pru to merge Income trust into M&G Dividend
Prudential is set to merge its Income trust into the M&G Dividend fund as part of a wider range of fund consolidations, creating a £1bn portfolio.
The merger will see the £563m Equity Income trust come under the remit of Alex Odd (pictured), manager of the £497m Dividend fund. Prudential's UK Growth trust is also set to merge into M&G's £482m...
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