BWD set to consolidate two funds

BWD Rensburg is to merge its Balanced Portfolio and Equity Growth funds within six months, writes Ja...

BWD Rensburg is to merge its Balanced Portfolio and Equity Growth funds within six months, writes Jane Wallace Both funds are in the UK All Companies sector although Balanced is larger, with £30.4m in assets, than Equity Growth on £7.4m Colin Morton, fund manager at BWD Rensburg, said: "The portfolios are run along similar lines by the same fund manager, Mark Hall. You would think the Balanced fund would be invested in gilts and fixed interest as well as equities but has been run as a total return growth fund for over five years "The name is a bit confusing. When we merge the funds we wi...