abrdn calls time on MyFolio Monthly Income range
Abrdn is set to close the three funds in its MyFolio Monthly Income range as part of its fund rationalisation programme.
Source: investmentweek.co.uk
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Invesco shutters Balanced Risk 8 fund due to shrinking assets
Invesco has closed its Balanced Risk 8 fund after deciding the strategy is no longer commercially viable due to dwindling assets.
Source: investmentweek.co.uk
IA: Funds suffer £7bn outflows over three months
Retail investors withdrew more than £7bn from investment funds over three months to the end of March, according to the latest statistics from the IA.
Source: investmentweek.co.uk