Thesis is to merge two funds into its Optima Income sub-fund, following a product review of the range.
Investors have voted in favour merging away the group's Bond and Multi-Asset sub-funds, as with a combined assets under management of £10m they became too small to be commercially viable. The funds will become part of the Optima Income sub-fund, which has £15.1m under management as at 30 September. Thesis AM launches direct securities model portfolio Fund manager Steven Richards (pictured) said: "The assets in the Optima Bond and the Multi Asset sub-funds together total about £10m. Both funds are really too small to be commercially viable and we believe investors will have more fav...
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