Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Kleinwort Benson to merge funds range

Kleinwort Benson is merging its fund range following a review to find ways of improving fund performance and operational efficiencies.

The firm has received shareholder approval to merge all but one of its Global Funds range, with equivalent funds in the Kleinwort Benson Elite PCC Limited range.

The rationalisation results from the review which showed there was a duplication of investment strategies and objectives.

The merger also allows the firm’s fund managers to focus on a smaller number of products, in order to enhance returns and minimise risk.

The firm said because the majority of the Elite Funds have a lower total expense ratio compared to the Global Funds, shareholders will also have a lower level of overall costs following the merger.

Clive T Wright, managing director of private wealth management offshore division at Kleinwort Benson said: ‘We believe that the Elite Funds range offers a straightforward and cost-effective way to access the extensive skills of our investment teams and by merging the funds in this way, streamlines our offering and avoids duplication, thus facilitating improved levels of performance.’

The Elite range comprises funds such as the Sterling Currency fund, the US Dollar Currency fund, and the Euro Dynamic Strategy fund.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Wealth Manager on Twitter