Ignis Nanaged Trust Wind Up

the_matrix

Hi

I had a letter today from Ignis Asset Management. It reads:

Dear Investor
Information to all Unitholders in Ignis Managed Trust, a UK authorised unit trust (the "Trust") Decision to Wind-Up the Trust (the "Wind-Up)

The letter is several pages long and there is a thick booklet. It's too long and complicated to read in one day.

I'm sure other have received the same. What are our option and what are the advantages and disadvantages of the options.

Thanks in advance.

dtaylor84

So you expect us to read it, interpret it and explain it to you... without having it?

ColdIron

Dear OP, you would do well to live up to your signature

TheTracker

Another day, another Wind Up on this forum.

gadgetmind

Is it this letter?

http://www.ignisasset.com/financial-advisers/documents/Multi-manager_Fund_-_Letter_to_Ignis_ISA_investors.pdf

If so, it's only 16 pages, and the options available are explained in plain English. It's really down to which other funds you currently own and what you want to continue to hold.

Do you hold in an ISA?

BTW, this winding up of open-ended funds is pretty common and they are an ephemeral bunch. Any period of under-performance tends to result in a wind up or merge, and the fund is quietly forgotten about when looking at a management company's average performance, or even that of the whole open-ended industry.

the_matrix

Thanks people for the replies.

I was just wondering if others had got it and read it and what they thought.

Before doing anything I was going to add my analysis to help everyone out.