Ignis shuts pair of UK funds run by Ashby and Holden

Ignis is to shut Graham Ashby's UK Enhanced Income fund and Mark Holden's UK Focus as it moves to streamline its range of products.

Ashby (pictured) has managed the Enhanced Income fund for the past three-and-a-half years, but the portfolio has failed to attract significant investor interest and is just £10m in size. The group will now close the portfolio and offer a free switch in to other Ignis funds. Holden's UK Focus fund, which is £62m in size, will also wind down. Ignis said Ashby will now focus his attentions on the Ignis UK Equity Income fund, while remaining head of UK equities. Holden will transfer to the Ignis tactical asset allocation team. The funds will close early next month, subject to FCA a...