Royal London has closed its Global Equity Select Fund after a period of “extremely high interest”.
The $359.9m (£285.2m) Irish fund closed to new investors today (5 February), but existing investors can continue to increase their investments.
The company said the decision was taken to maintain the integrity of its investment process following a significant influx of capital over an extended period of time.
Chief distribution officer Rob Williams said Royal London had the best interests of its customers in mind.
He added: “This will enable our investment team to retain all potential investment opportunities around the world.
“We continue to see strong interest in our suite of global equity strategies and believe our suite of solutions is well positioned to deliver highly attractive outcomes for investors over the long term.”
The fund is co-managed by James Clarke, Peter Rutter and Will Kenny.
The firm invests in companies throughout their lifecycles and is part of Royal London's suite of global equity solutions.
This comes four months after the firm announced it would restrict access to the UK-based Royal London Global Equity Select Fund.
This means that existing and new investors will not be able to purchase new shares in the Fund.
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