Update: Newton IM's income fund merger approved by shareholders

Effective 27 January

Tom Eckett
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Newton IM's Paul Flood
Image:

Newton IM's Paul Flood

Shareholders have approved Newton Investment Management's second attempt to merge its £66m Managed Income fund into the £69m Multi Asset Income fund.

The move had previously been planned for March 2016 but was rejected by shareholders as the original cost of the merger would have been taken on by the fund. Its latest proposal will see the authorised...

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