Neptune Investment Management is to merge away its Greater China Income and Africa vehicles and close its South East Asia fund as the group continues to re-focus the fund range for a post-RDR world.
The asset manager is merging its £9.2m Neptune Africa fund into the £7m Emerging Markets fund, run by Ewan Thompson, and said Africa fund manager Shelley McKeaveney has left the firm. It said this merger will allow investors to be potentially better served by following an EM strategy which retains the option to invest opportunistically in Africa. Also, the £5.6m Greater China Income fund, run by Douglas Turnbull, will become part of the £4.1m Global Income fund, managed by George Boyd-Bowman. Turnbull will remain at the firm in his role as head of Chinese equities and manager of ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
