Standard Life Investments (SLI) has confirmed it is set to merge away a raft of former Ignis mandates, which duplicate existing SLI strategies.
The firm began streamlining the Ignis fund range last summer following the acquisition in March, and closed its Ignis China fund back in October. Subject to unitholder approval, a further nine funds will be migrated into SLI's most similar mandates, as the group said it is moving towards the end of the migration process. The £111m UK Equity Income fund, once run by Graham Ashby, the £264m Corporate Bond fund and the £28m High Income Bond fund are among those to be absorbed into existing SLI mandates. An SLI spokesperson said: "As part of the Ignis integration, all Ignis investment ...
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