BNY Mellon and Insight are set to merge a raft of funds into newly created vehicles in preparation for the world post-RDR.
The changes, which are subject to shareholder approval, are set to come in on 9 February 2013. The Insight Investment Diversified High Income, Insight Investment Wealth Builder Balanced and Insight Investment Diversified Dynamic Return funds will be merged into the new Insight Global Multi-Strategy fund, to be managed by Steve Waddington. The Insight Investment Diversified Target Return fund will be merged into the new Insight Global Absolute Return fund, also run by Waddington. The Insight Investment Monthly Income Bond fund will be merged into the new Insight Strategic Bond fund,...
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