Investec's Mundy to hand over Managed Distribution fund
Investec Asset Management has handed the £72.4m Investec Managed Distribution fund to the fixed income team co-managed by John Stopford.
The change in management reflects the more income-focused positioning of the fund and is part of a continual review of the fund range.
A spokesperson for Investec says Mundy will continue to manage the Investec Cautious Managed, the Investec UK Special Situations and Investec Global Special Situations funds as head of contrarian investing.
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