Possibility of fund mergers and closures on completion
60% of the time trusts are also cheaper
Set to take Jupiter European Opportunities trust with him
Fewer than one in eight managers running both open- and closed-ended funds have outperformed in their open-ended portfolios, Investment Week analysis shows.
First State's Martin Lau has beaten stars including Invesco Perpetual's Neil Woodford and Neptune's Robin Geffen to see his Greater China Growth fund ranked the most consistent performer over the three years to the end of 2011.