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M&G to merge Felton’s UK equity funds
by Emma Dunkley on Jan 15, 2013 at 11:17
The merger, which is set to occur on 15 March subject to shareholder approval, will see two funds with the same investment approach blended together and aligned into a single portfolio.; M&G said the proposal had been put forward to investors because of the potential for economies of scale.
Over three years to 14 January, the Select fund has returned 24.2% versus the benchmark’s 23.5%.
In the same time period, Felton (pictured) has delivered 26.3% on the Growth fund, against the benchmark’s 23.5%.
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