Liontrust to merge Global Income and European funds

Mergers subject to shareholder approval

Liontrust is planning to merge two Global Income and European funds pending shareholder approval on 17 June, Investment Week has learned.

The mergers bring together former Neptune funds with their Liontrust counterparts, following the acquisition of Neptune in October 2019. As part of the changes the £146.5m Global Income fund will merge with the £103.9 Global Dividend fund. Liontrust hires MGIM's Klempster and removes VAT on MPS Liontrust's global equity team began managing the Global Income fund in the beginning of May this year.  The global equity team is run by Robin Geffen and James Dowey. The named managers on the Global Dividend and Global Income funds are Dowey and Storm Uru. "As the objectives of the two ...