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Mirabaud Asset Management is set to close both its Asia Ex Japan and Global Emerging Markets funds and roll them into a broader global equity strategy, which the group says will give shareholders a wider playing field of investible ideas.
According to a shareholder letter seen by Citywire, the Mirabaud Asia Ex Japan fund, which has $47m (CHF 38.7m) in assets, will be rolled into the Global Focus fund, which currently operates with €159m (CHF 148.3m) in assets under management.
It is understood the Mirabaud Global Emerging Markets fund, which has $31.7m in assets, will also be merged away.
