Premier Asset Management is set to change the investment objective of several funds, including CIO Mike Jennings' £53m Premier Global Strategic Assets fund.
The group plans to strip out the fund's income element and instead focus on generating long-term capital growth, as well as renaming it the Premier Global Strategic Growth fund and moving it from the IMA Balanced sector to the IMA Global Equity sector. Jennings' fund will have a wider remit in being able to invest in money market instruments, collective investment schemes and fixed income securities. Premier is also changing the investment objective of three other funds, subject to a shareholder vote at an extraordinary general meeting on 16 December. Simon King's £52m Premier UK S...
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