Research_strapline

Are you an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor

×

Register for FundCalibre!

We just need to know
if you are an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor

×

4th April 2016

Name changes for Somerset Emerging Markets Dividend Growth and TwentyFour Dynamic Bond

Phoenix Fund Services (UK) Limited (PFS), the Authorised Corporate Director (ACD) for a number of funds, was purchased by Maitland International Holdings Plc in April 2015.

A year on, the company has decided to change the prefix of the funds for which it provides administaration services from PFS to MI.

Two Elite Rated funds will see their names changed to MI Somerset Emerging Market Dividend Growth and MI TwentyFour Dynamic Bond.

The fund management teams and investment processes remain unchanged. The change is simply one to the name of the funds.

An ACD provides fund set-up, fiduciary oversight and fund administration services to traditional fund managers.

The deal boosted Maitland’s assets under administration by £6.2 billion to over £135 billion and heralded the company's entry into the fund administration sector in the UK, where it already had an established private client and corporate services business.



Sign up to receive our free weekly newsletter.