Martin Currie is planning to broaden the investment remit of Tom Walker's Portfolio investment trust by converting it into a pure global equities trust.
The £139m trust is currently benchmarked against the FTSE All Share index and can invest up to 50% of its portfolio in international equities. Under its current remit the trust must also have more than 50% in UK equities and can have up to 20% in private equity. The change will see the fund benchmarked against the FTSE World index, with the flexibility to invest up to 100% in international equities. Martin Currie first broadened the investment parameters of the trust in January 2007, upping the limit on international holdings from 25% to 50%. Walker also manages Martin Currie's ...
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