Four Merian Global Rated Funds placed under review

Rated Funds Merian Asia Pacific, Merian Global Equity, Merian North American Equity and Merian UK Smaller Companies Focus have been placed under review.

Four Merian Global Money Observer Rated Funds have been placed under review, following the announcement earlier this week that the firm will be purchased by Jupiter Asset Management.

What are Rated Funds and how are they chosen?

At this stage the Money Observer fund selection committee feels it is prudent to place all four Merian Global Rated Funds under review, until full details emerge regarding the practicalities of how the two companies will join forces and whether/how far their fund lists will be rationalised.

The Rated Funds placed under review are: Merian Asia Pacific, Merian Global Equity, Merian North American Equity and Merian UK Smaller Companies Focus.

Jupiter’s purchase of Merian Global is not the only big acquisition announced this week. An even bigger deal followed the next day, with Franklin Templeton agreeing to purchase Legg Mason for $4.5 billion. 

Our two Legg Mason Rated Funds, Legg Mason IF Japan Equity and Legg Mason IF RARE Global Infrastructure Income, will not be placed under review, however. The reason for not putting the funds under review is that in the announcement of the deal Franklin Templeton said Legg Mason and its affiliates will remain autonomous, “ensuring that their investment philosophies, processes and brands remain unchanged”.

Subscribe to Money Observer Magazine

Be the first to receive expert investment news and analysis of shares, funds, regions and strategies we expect to deliver top returns, plus free access to the digital issues on your desktop or via the Money Observer App.

Subscribe now

Add new comment