View the article online at http://citywire.co.uk/wealth-manager/article/a739392
Ignis to shut Ashby & Holden funds in UK equity overhaul
by Eleanor Lawrie on Mar 10, 2014 at 10:28
Elsewhere, the asset management firm has signalled it will move away from investing in Japan, by closing its £22.3 million Japan Tracker fund on 14 April, subject to approval.
The company 'expects little demand for this product in the foreseeable future' while its small size means it is 'economically unviable to manage'.
The management of the Japan Tracker fund was outsourced to State Street, and Ignis has no plans to replace the strategy. A large proportion of the assets in the fund are managed on behalf of a single client who will be moving to another mandate run by Ignis.
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