RLAM streamlines £3bn fund

Royal London has stripped the assets in its UK Equity Trust down from £3bn to £186m, redistrib...

Royal London has stripped the assets in its UK Equity Trust down from £3bn to £186m, redistributing the capital between three new high-target vehicles in a bid to attract alpha-seeking retail investors. RLAM has a mandate from Scottish Life to allocate its clients’ life and pensions money, a portion of which was being invested in the UK Equity Trust. This capital has now been spread across its Special Situations, UK Smaller Companies and UK Tracker funds, all of which were launched in July. The UK Equity Trust’s holdings have also been cut from 120 to 60 to boost performance. ...