Canada's Bank of Montreal (BMO) has agreed a deal to buy F&C for £708m in cash.
F&C shares have jumped by more than 20% after the group said it has received a takeover approach from Canada's Bank of Montreal (BMO).
F&C Investments is planning to launch a fifth fund in Gary Potter and Rob Burdett's risk-targeted Lifestyle range.
F&C saw its assets under management decline by £2.2bn to £90.1bn in the third quarter, despite a further climb in retail inflows, the group revealed today.
M&G Global Dividend was the best-selling fund on Cofunds in August, while Mixed Investment 20-60% Shares retained its position as the most popular sector for the eighth consecutive month.
F&C Investments has partnered with iChild, the educational resource provider, to kick start the school year with a series of programmes and toolkits for parents and children about money and saving, after research shows that the majority of children start...