Legg Mason has merged the Martin Currie Global fund range into its Legg Mason Global fund range, following the acquisition of the firm in 2014.
Legg Mason acquired Martin Currie, an Edinburgh-based Asian equities specialist asset manager, in October 2014.
The board of directors decided to merge the seven funds due to issues with the Legg Mason charging structure and economies of scale of operating on the Legg Mason platform.
The funds will retain their current investment objectives and the management will remain unchanged.
The seven funds affected are:
• Legg Mason Martin Currie Global Funds (GF) Asia Long-Term Unconstrained
• Legg Mason Martin Currie Global Funds (GF) Asia Pacific
• Legg Mason Martin Currie Global Funds (GF) Global Resources
• Legg Mason Martin Currie Global Funds (GF) Greater China
• Legg Mason Martin Currie Global Funds (GF) North America
• Legg Mason Martin Currie Global Funds (GF) European Absolute Alpha
• Legg Mason Martin Currie Global Funds (GF) Japan Absolute Alpha
Adam Gent (pictured), head of UK distribution at Legg Mason, said: "Following a thorough review process, we have taken the decision to merge these funds into the Legg Mason Global fund range.
"The decision has been taken with the clients' interests in mind since the economies of scale provided by Legg Mason will greatly benefit the clients."
Andy Sowerby, head of sales, marketing and client service at Martin Currie, said: "Our partnership with Legg Mason enables us to leverage their scale in both operations and distribution to the ultimate benefit of our clients.
"By merging our cross-border UCITS funds into the Legg Mason Global funds range, our clients immediately benefit from lower ongoing costs and each fund's distribution reach is greatly enhanced."
