Kleinwort Benson merges funds

Kleinwort Benson is to merge its Global Funds range into its Elite funds as part of a rationalisation of its funds.

All but one of the Kleinwort Benson Global Funds range is to be merged into the Elite range.

The rationalisation has been implemented to reduce duplication with investment strategies and objective.

According to Kleinwort Benson, the Elite funds have a lower total expense ratio, which will lower costs for investors in the Global Funds range.

Chief investment officer Mouhammed Choukeir says: “Despite continued volatility in global  markets, we believe our disciplined, multi-asset investment philosophy and process is best suited to navigate difficult investment environments.

“Our ability to swiftly move in and out of asset classes has helped fund performance and we are pleased with the recognition we have received from clients and advisers alike for this approach.”

Full list of funds affected by rationalisation

Global Fund Elite Fund
Sterling Currency Fund Kleinwort Benson Elite GBP Currency Fund
Euro Currency Fund Kleinwort Benson Elite EUR Currency Fund
US Dollar Currency Fund Kleinwort Benson Elite USD Currency Fund
Sterling Income Bond Fund Kleinwort Benson Elite Sterling Fixed Income Fund
Euro Income Bond Fund Kleinwort Benson Elite EUR Fixed Income Fund
International Bond Fund Kleinwort Benson Elite International Bond Fund
Sterling Conservative Strategy Fund Kleinwort Benson Elite Multi Asset Conservative Fund
Euro Conservative Strategy Fund Kleinwort Benson Elite Multi Asset Conservative Fund
US Dollar Conservative Strategy Fund Kleinwort Benson Elite Multi Asset Conservative Fund
All Weather Sterling Fund Kleinwort Benson Elite Multi Asset Balanced Fund
All Weather Euro Fund Kleinwort Benson Elite Multi Asset Balanced Fund
All Weather US Dollar Fund Kleinwort Benson Elite Multi Asset Balanced Fund
Sterling Progressive Strategy Fund Kleinwort Benson Elite Multi Asset Balanced Fund
Euro Progressive Strategy Fund Kleinwort Benson Elite Multi Asset Balanced Fund
US Dollar Progressive Strategy Fund Kleinwort Benson Elite Multi Asset Balanced Fund
Sterling Dynamic Strategy Fund Kleinwort Benson Elite Multi Asset Growth Fund
Euro Dynamic Strategy Fund Kleinwort Benson Elite Multi Asset Growth Fund
US Dollar Dynamic Strategy Fund Kleinwort Benson Elite Multi Asset Growth Fund
International Equity Fund Kleinwort Benson Elite International Equity Fund
Trojan Fund Kleinwort Benson Elite Multi Asset Conservative Fund
Trojan B Class Fund Kleinwort Benson Elite Trojan Fund

One fund did not receive approval from shareholders:

Bond and Equity Fund Kleinwort Benson Elite Capital Growth Fund