Liontrust China shareholders oppose merger with EM strategy

Extraordinary general meeting

Cristian Angeloni
clock • 1 min read

Shareholders in the Liontrust China fund have turned down proposals to combine the strategy with the company’s Emerging Market fund.

At an extraordinary general meeting on 1 September, investors rejected the merger, which was put forward following continued outflows. The China fund holds £11.5m in assets, down from a peak of £100m, while its EM counterpart has £9.4m, according to Liontrust. Liontrust set to merge China fund into EM portfolio as assets shrink Primary manager Ruth Chambers has led the China strategy over the last five years, joining Liontrust in 2019 following its acquisition of Neptune. China fund deputy manager Ewan Thompson is also a manger on the EM strategy, as well as the Liontrust India ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Unit trusts/OEICs

Last year, a record £4.4bn was paid into money market funds, as high interest rates and low risk proved incredibly attractive to investors.

Money market funds enjoy 'best year on record' with £4.4bn inflows

Calastone Fund Flow index

Cristian Angeloni
clock 09 January 2024 • 4 min read
The strategy was soft closed in July 2019 when it hit nearly $3.6bn in assets.

JPMAM reopens $2.3bn emerging markets fund

Soft closed in July 2019

Cristian Angeloni
clock 09 January 2024 • 1 min read
Analysts at Square Mile Investment Consulting and Research argued that while BlackRock has 'strong resources', the new team must establish its own process and build a track record before a rating can be applied.

Embark Horizon fund range loses Square Mile rating on move to BlackRock

Matthews Asia Tiger Pacific rating suspended

James Baxter-Derrington
clock 04 January 2024 • 2 min read
Trustpilot