JOHCM to merge away European fund

J O Hambro Capital Management (JOHCM) is planning to merge away its European fund after assets dwindled to just £2m.

The JOHCM European fund will be merged into the JOHCM All Europe Dynamic Growth fund in August, subject to unitholder approval. The European fund has seen its AUM fall from £150m at the start of the year to a current level of £2m. Morningstar OBSR put the European fund 'under review' at the end of June, following "a significant decrease in the assets and the resulting uncertainty surrounding the viability of the fund." Previously, the fund held a bronze Morningstar OBSR rating. Investors in the European fund will be automatically rolled over into the All Europe Dynamic Growth fu...