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 Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter