Liontrust has proposed the merger of the £11.6m Liontrust China Fund into its £9.4m Emerging Markets strategy.
The merger will take place next month, subject to shareholder approval.
The China fund’s assets under management has fallen from a peak of over £100m.
A spokesperson for the firm confirmed to Portfolio Adviser the plans to merge and said that Liontrust China manager Ruth Chambers (pictured) will become one of the named managers of the enlarged emerging markets strategy.
The Liontrust China Fund launched in 2004. It ranks 38th of the 48 strategies in the IA China sector over five years, down 22.1% compared to 6.55% for the average fund.
Meanwhile, the Emerging Markets Fund it will merge into is down 1.5% over five years, while the average IA Emerging Markets sector strategy was up 7.3%.
Liontrust Emerging Emerging Markets has been headed up by Ewan Thompson since 2008. Chambers has been a named deputy manager on the portfolio since February this year, alongside Thomas Smith.
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