Prudential is looking to keep one unit trust after a series of mergers into M&G Investments’ funds, FundWeb reports. Taking into account the high costs of transferring assets, the firm is considering keeping the £532 million Pacific Market Trust. Prudential which acquired M&G in 1999, merged five unit trusts into the M&G suite in June and had disclosed plans to merge another five in August. It aims to merge an additional 10 unit trusts by mid-2012.
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