SLI closes Ignis China fund

Standard Life Investments is closing the Ignis China fund managed by Magdalene Miller as it continues to cull the range of products acquired via its takeover of the group.

The €36.5m (£29m) offshore Sicav fund will be closed on 24 November 2014, with investors offered the option of rolling their investments into Standard Life's own China fund. A Standard Life Investments spokesperson said: "The decision has been taken to close the Ignis China SICAV on 24th November 2014. This is a small fund and it is not economically viable to continue the fund at its current size. "The existing investors in the Ignis China SICAV will be given the opportunity to transfer into the larger, comparable Standard Life China SICAV." SLI said Miller, who also runs the offsh...