Royal London Asset Management has limited access to its Global Equity Select fund, blaming strong inflows.
The firm said that new and existing investors will be unable to buy new shares in the fund.
The asset manager said the move is in the “best interest of clients” as the fund reaches capacity.
Rob Williams, chief distribution officer at the firm said: “This decision reflects our continued commitment to deliver the best outcomes for our clients.
“We have seen extremely strong interest in the Global Equity Select strategy, with capacity levels now reaching a point where we believe it is in the best interest of investors to exercise controls to ensure our investment team can continue to invest in best-of-breed companies that can deliver attractive long-term outperformance.”
The fund invests in companies at the "optimal part of their life cycle" which Royal London said has been "highly successful".
It forms part of a range of global equity investment solutions offered by the asset manager which will remain open to investors.
tara.o'connor@ft.com
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