Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration 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.
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter