RLAM starts second stage of Oeic conversions

Royal London Asset Management (RLAM) is planning to convert a further four unit trusts to Oeics at the end of February 2010.

It follows the conversion of five funds last October.

Subject to unit holder approval, the following four funds will become Oeics on 26 February:

Royal London Japan Growth trust

Royal London UK All Share Tracker trust

Royal London FTSE 350 Tracker trust

Royal London US Index Tracker trust

As part of the conversion process, the funds will move from a dual to a single pricing model. The investment objective and policy, risk profile, fund manager and fees for each fund will remain unchanged.