M&G To Combine Income, Dividend Funds

M&Gis seeking to merge two of its funds,Investment Weekreports. The U.K. investment manager will combine its £528 million Dividend fund with the £208 million Income fund later this year.

Alex Odd’s Dividend fund changed its investment objective of targeting yield of 33% more than theFTSE All Share indexto target a growing yield last month. The name for the new merged portfolio has not yet been decided.

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