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Many portfolios will either migrate from the ABN Amro Funds (AAF) Sicav to the Fortis L Fund (FLF) Sicav or absorb other vehicles within their existing umbrellas.
In the AAF range, the flagship Global High Dividend Equity fund has now absorbed the Global Equity Value fund. The Europe High Dividend fund has taken in the Europe Equity Dynamic and Europe Equity Revival funds, while the Europe Equity fund has incorporated the Denmark Equity and Nordic Equity funds.
In the FLF range, the Equity Best Selection Europe fund has taken on the Opportunities Income Europe portfolio. Developed world ex UK bond funds have also combined within the two Sicavs.
In the fourth quarter, Fortis Investments intends to merge a number of ABN Amro funds into its existing FLF range.
Regional equity fund mergers that will change managers or strategies on the AAF portfolios include the FLF Equity Best Selection World combining with the AAF Global Equity Growth, the FLF Equity Europe with the AAF Europe Equity, the FLF Equity Europe Emerging with the AAF Eastern Europe Equity, the FLF Equity Japan with the AAF Japan Equity and the FLF Equity World Emerging with the AAF Global Emerging Markets Equity funds.
Sector-specific equity fund mergers that will involve similar changes include the FLF Equity Energy World fund combining with the AAF Energy fund. Bond fund plans that will entail shifts in personnel or strategy include the FLF Bond World fund merging with the AAF Global Bond fund.
ABN Amro equity funds that will change their personnel or processes and migrate to the Fortis L Fund without merging include the AAF Europe Equity Growth fund, which will retitle itself FLF Equity Growth Europe, the AAF US Equity Select fund, which will rename itself FLF Equity High Dividend USA, and the AAF Sustainable Global Equity fund, which will be called FLF Equity SRI World.
The FLF Absolute Return V450 fund, formerly AAF ARBF V450, will also absorb FLF Absolute Return Bond Global Opportunities and change its status to Ucits III. The FLF Absolute Return V300 fund, formerly AAF ARBF V300, will incorporate the FLF Absolute Return Euro fund, while the FLF Absolute Return V150 fund, formerly AAF ARBF V150, will take in the FLF Absolute Return Bond Euro Plus fund.
The FLF Best Selection Europe ex-UK and FLF Equity Latin America funds will also change their investment processes.
Full information is now live on the Fortis Investments site at http://www.asset.fortis.com/fundmerger.
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