Columbia Threadneedle to close two multi-asset funds
CT Diversified Monthly Income fund and CT Multi-Manager Investment Trust fund shut
fund closure
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Abrdn American Income Equity closes after largest shareholder exits
The divestment took a substantial portion of the fund’s assets, making it ‘no longer commercially viable’
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Royal London closes top-performing Global Equity Select fund
The $360m fund gained much interest from investors since launch, but seeks to ‘maintain the integrity of its investment process’ by closing off new inflows
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M&G to close £565m UK property fund
Sector has been hit with waves of redemptions in recent years
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Canada Life to shutter UK property fund after wave of redemptions
AUM has fallen to approximately £102m from £254m, leaving it ‘no longer commercially viable’
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Jupiter to merge two more bond funds amid mass ‘streamlining’ operation
Jupiter Flexible Macro could be closed if unitholders do not approve merger with Merian Global Strategic Bond
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Baillie Gifford closes £141m British Smaller Companies Fund
Manager Charlie Broughton remains ‘valuable member of the International Smaller Companies team’
