World Economy

French Funds to Merge

French Funds to MergeFrench Funds to Merge

BNP Paribas Investment Partners is due to merge two multi-asset funds following a review of its fund range, Yahoo reported. The BNP Paribas Multi-Asset Isovol fund will be merged into the PARVEST Diversified Dynamic fund on September 9. Both funds are run by the head of flexible solutions and overlay, Tarek Issaoui. The BNP Paribas Multi-Asset Isovol fund is domiciled in France and only available to French investors. At the end of May, it had assets under management of £293 million ($393 million). Issaoui has managed the PARVEST Diversified Dynamic fund and is domiciled in Luxembourg and available widely across Europe. At the end of May it had assets of £200 million.