F&C Plans U.K. Equity Funds Merger

F&C Thames River is planning to merge two of its U.K. equity portfolios.

F&C Thames River is planning to merge two of its U.K. equity portfolios, FundWeb reports. The £31 million F&C U.K. Growth & Income fund will be merged with the £189.1 million F&C U.K. Equity Income fund, while the £62.4 million F&C U.K. Opportunities fund will be combined the £152.8 million F&C U.K. Equity fund.

As a part of the merger, the F&C U.K. Equity fund will be renamed as the F&C U.K. Alpha fund from June 24, 2011. The merger of the portfolios, which is awaiting approval from the firm’s shareholders, will be completed by the end of June 2011.

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