Royal London Asset Management (RLAM) has completed its conversion to an Oeic structure, ending a five-phased process which began in October last year.
The last four funds in the group’s range to convert from unit trusts to Oeics are its UK Equity Trust, Equity Income Trust, Far East Growth Trust and UK Smaller Companies Trust.
While the objectives, fees and managers of the funds have all remained the same, they have all now moved from a dual pricing to single pricing. (article continues below)
The four funds will have now become part of the Royal London Equity ICVC. The fixed income funds in RLAM’s Oeic range sit in the Royal London Fixed Income funds ICVC.