Our business has taken a decision to merge funds in the Ashburton Multi Manager Fund range with the FNB Multi Manager Funds. There is a ballot process currently underway and we would like to encourage all investors in these funds to participate.
The rationale for this consolidation is that it will allow the business to have a focused strategy to provide investors with quality investment solutions at reduced costs and a single point of access to a wide range of risk profiled products.
The effective date of the proposed amalgamation will be 3 May 2021, provided that the necessary consent is obtained from investors and the Authority.
Relevant ballot letters: