A total of ten funds have either been restructured, or merged. The merged funds are shown in the table.
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Premier UK Alpha Growth |
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Premier UK Strategic Growth |
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Premier UK Alpha Income |
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Premier European Optimum Income |
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Premier Multi-Asset Income & Growth |
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Premier Multi-Asset Growth |
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Premier Global Alpha Growth |
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Premier Enterprise |
The Premier Global Power & Water Fund, managed by James Smith and Claire Burgess, will now pay quarterly dividends and its investment objective has been changed to offer potential for both income and growth.
The highest proportion of the fund’s capital (42%) is currently invested in the electricity sector, and it is ranked in the bottom quartile over both one and three years.
Both the Premier Alternative Strategies Fund and the Premier UK Strategic Growth Fund have been renamed. The former is now called the Premier Diversified Fund, and it is now able to invest in a wider range of assets. Neil Birrell has been managing the fund since he joined Premier from Framlington in January.
The latter has been renamed Premier UK Growth Fund, and its performance over the past year is shown in the graph below.
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The Premier Optimum Income Fund will now focus on investment primarily in UK equities. Its top ten holdings currently include BT, Daily Mail and Centrica.
This is the second time Premier has unveiled a raft of fund changes and mergers, having taken similar action at the end of 2011.
