Premier targets wealth managers with fund range revamp

Premier Asset Management has streamlined its fund range in a move to broaden its appeal in the wealth management market.

The group has merged away four funds which have struggled to gain traction into bigger and better performing vehicles. Mike O’Shea, chief executive, said the decision was made to scale up the firm’s proposition and streamline the product range. The changes will see AUM swell in Simon King’s Premier UK Strategic Growth, Chris Wright’s Optimum Income, David Hambidge’s Multi-Asset Income & Growth, and Jake Robbins’ Global Alpha Growth fund. Premier has also revamped its Global Power & Water fund, moving it to an income mandate. It has been placed into the IMA Global Equity Income sect...