Bt Terminates Two Funds

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BT is winding up two growth funds due to a lack of investor demand. : The BT Partner Australia Shares Growth 1 Fund and the BT Partner International Shares Core 1 Fund were terminated on 12 October 2020. They're both single manager funds that have been open for more than 10 years. The Australian shares fund commenced in 2002 and the international fund commenced in 2004. A spokesperson for BT said: "Over time, the funds under management have reduced substantially with fewer investors continuing to remain invested and less new investors."

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