RLAM to close UK Ethical Equity fund

Closes on 31 August

Royal London Asset Management (RLAM) is set to close its UK Ethical Equity fund after five years, allowing manager Mike Fox to focus on the firm's £536m Sustainable Leaders trust.

The £35m fund, which launched on 9 May 2011, will close on 31 August. The fund is managed by Fox, head of sustainable investments at RLAM, who took over on 1 February 2016 following the exit of previous manager Bradley Mitchell in September 2015. Fox also manages the firm's Sustainable Leaders trust, the Sustainable World trust and the Sustainable Diversified trust. In a statement, RLAM said: "We can confirm the Royal London UK Ethical Equity fund will close on 31 August 2017. "We reviewed our offering in this space and decided to focus on the highly successful Sustainable Leade...