marlborough to close ethical fund

Marlborough Fund Managers intends to close its ethical fund owing to the portfolio’s small size.

marlborough to close ethical fund


The Marlborough Ethical Fund, which launched in December 2005 and  is managed by Bob Brown, Alan Beaney and Oliver Brown, has assets under management of just £5.7m – which the asset manager said is not “economically viable”.

The portfolio has underperformed its IMA UK All Companies peer group over one, three and five years. Its is third quartile over one year and fourth quartile over three and five years, its most recent factsheet shows.

A spokesman for Marlborough said: “We have reviewed the future of the Marlborough Ethical Fund and reached the conclusion that its size means it will not be economically viable, so the decision has been taken to close it. 

“Shareholders have been offered the chance to switch to any other Marlborough fund without charge and proceedings to wind up the fund will begin on 31st January.”

All three of the fund’s managers also run the £11.5m Marlborough UK Primary Opportunities Fund, which is fourth quartile over one, three and five years but second quartile over ten years.



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