M&G's global head of distribution Jonathan Willcocks has said the firm's migration of assets, which is believed to be the largest by any asset manager in history, is "crucial" to ensure all European clients can own its funds after Brexit, although there will be repercussions for the UK range including very small OCF increases following their reduction in size.
Last week, the firm announced it would begin the process of migrating £34bn of non-sterling assets across 21 UK-domiciled OEIC funds into equivalent Luxembourg strategies in four phases over the next six...
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