Martin Currie is planning to switch its £17 million European fund into a European income fund, Financial Times reports. The move comes after co-manager Eric Woehrling’s exit from the firm. Co-manager Palaniappan Chidambaram will supervise the fund’s transition. Woehrling joined Martin Currie in 2000 to design the group’s European mid-cap products, including the pan‐European opportunities fund, adds Investment Week. The European fund has lost value continuously over one, three and five years, registering a 4.6 percent loss over the three-year period until September 16, even as the sector gained 3.1 percent.
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