RLAM converts six unit trusts to Oeics

Royal London Asset Management (RLAM) will convert six unit trusts into Oeics later this month in the last of a series of fund conversions.

The transfer, which takes place on 30 April, is the final phase of a round of fund conversions which began in October 2009. The funds to be converted are the Royal London UK Growth, European Growth, Index Linked, UK Government Bond, Corporate Bond and Cash trusts. As part of the process, the funds will move from a dual to a single pricing model. The investment objective and policy, risk profile, fund manager and fees remain unchanged. "This tranche of Oeic conversions brings the funds within our range up to date," says head of marketing Susan Spiller. "We have had very positive res...