Royal London has closed its Global Equity Select Fund, after a period of "extremely strong interest".
The $359.9mn (£285.2mn) Irish-domociled fund was closed to new investors today (February 5) but existing investors will still be able to increase their investment.
The firm said the decision was made to maintain the integrity of the investment process following a sustained period of significant inflows.
Rob Williams, chief distribution officer, said Royal London had the best interest of clients in mind.
He added: "It ensures our investment team can retain its full opportunity set of potential investments across the world.
"We continue to see strong appetite for our range of global equity strategies and believe our suite of solutions is well placed to deliver highly attractive outcomes for investors over the long-term.”
The fund is co-managed by James Clarke, Peter Rutter and Will Kenney.
It invests in companies across the corporate life cycle and is part of a range of global equity solutions offered by Royal London.
It comes four months after the company announced it was limiting access to its UK-domiciled Royal London Global Equity Select Fund.
It means existing and new investors are unable to buy new shares in the fund.
tara.o'connor@ft.com
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