Sanlam completes £1.2bn Smith & Williamson fund range takeover

Funds to be renamed over the coming weeks

Sanlam Investments has finished taking over eight Smith & Williamson Investment Management funds, including the £629m Artificial Intelligence strategy.

First announced in early January 2021, the deal sees eight funds officially transfer to Sanlam Investments, adding £1.2bn in assets under management to the business. All of the funds moving to Sanlam Investments will be renamed over the coming weeks.   Ten individuals, including six fund managers, have joined Sanlam as part of the deal.   Sanlam to manage world's first active global equity Shariah ETF Sanlam will also take on the investment management responsibilities of the Smith & Williamson Global Gold and Resources fund later in Q1 2021, which will continue to be managed in Tor...