Rathbone Heritage Fund merger - 22 April 2022
As part of an ongoing review of our portfolio of investment opportunities for clients, and following a shareholder vote, the Rathbone Heritage Fund (the “Heritage Fund”) merged with the Rathbone Strategic Growth Portfolio, a sub-fund of Rathbone Multi-Asset Portfolio (the “Rathbone Strategic Growth Portfolio”), on 22 April 2022.
The Heritage Fund did not attract the level of investment that we anticipated and was at a size at which it was no longer commercially viable on its own. Rather than terminating the Heritage Fund, which may crystallise capital gains and potentially create tax liabilities for unitholders, we are merged it with a fund that may still meet investor needs but which is more commercially viable through better economies of scale. The Rathbone Strategic Growth Portfolio is a good merger candidate as it has a similar investment objective.
For further information investors should review the Investor Information Pack and should also speak to their financial adviser.
To speak with a member of the Rathbones team on this merger, please contact the information line on 020 7399 0399.