Liontrust merges US Income and Global Dividend fund

Part of ongoing review

Liontrust is planning to merge its £25m US Income fund with its £299.4m Global Dividend fund, as part of an ongoing review of its fund range, Investment Week has learned.

"Both funds have similar investment objectives and policies - particularly their income remit -  and investors will benefit from the economies of scale afforded by the combined funds," a spokesperson said. The Liontrust Global Dividend fund, which is managed by Storm Uru and James Dowey, has returned 52.6% in the three years compared to 43.6% from the MSCI World index and 26.3% from the average IA Global Equity Income sector, according to figures from FE Fundinfo. Liontrust's Michaelis on encouraging sustainable leisure The US Income fund, on the other hand, has underperformed it...