Marlborough acquires SLFC UK arm

Marlborough has added five new funds to its range with the acquisition of the UK investment arm of Sun Life Financial of Canada.

The takeover of SLFC Investment Managers UK increases the number of funds offered by Marlborough from 19 to 24, and boosts assets under management to just over £1bn. SLFC IM (UK) has 13 unit trusts, of which five will become part of the Marlborough stable. These are: Marlborough Cash trust and Income & Growth trust, which will be managed in-house; the Emerging Markets trust run by Ignis; the European trust managed by Mirabaud; and the North American trust, run by Boston-based Emerson Capital Partners. Another six of SLFC's funds invest in sectors already covered by Marlborough and wil...