Beaufort Investment to merge income portfolios due to overlap

1 July plans due to 'lack of differentiation'

Mike Sheen
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Beaufort CEO Shane Balkham
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Beaufort CEO Shane Balkham

Beaufort Investment is set to merge its multi-manager Sustainable Income and High Income portfolios, which have gradually seen greater overlap in their holdings since their 2010 launches.

It is hoped that the merger, which is set to launch for 1 July, will offer investors "the best of both worlds" with regard to size and regularity of dividends, according to Beaufort CIO Shane Balkham....

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