Sarasin Shuts Ucits Sub-Fund

Sarasin Investfonds is closing its Luxembourg-domiciled Ucits sub-fund.

Sarasin Investfonds is closing its Luxembourg-domiciled Ucits sub-fund, Financial Times reports. The Sarasin Global Village - Opportunistic will be closed from August 24 as its assets under management (AUM) are too low.

The AUM at the undertaking for the collective investment in transferable securities was £7.8 million on June 30, 2011. Investors can seek redemption of their shares or they can also reinvest in another fund with no redemption fee until Aug. 23, 2011.

Click here for the story from Financial Times.