Martin Currie Pacific trust's shareholders have agreed to rename the company Martin Currie Asia Unconstrained trust, as it moves away from commitments to invest in Japan and Australia.
The name change, which was proposed by the trust’s directors at the end of May to better reflect its strategy and geographic allocation, will come into effect at the end of July after being approved at its annual general meeting. Investors had already agreed to change the £110m trust’s investment mandate to an Asia long-term unconstrained(ALTU) strategy in July 2014. The new mandate means that the company has no particular commitment to investing in Japan and Australia. When the trust’s annual results were announced in May, Andrew Graham (pictured), the trust’s manager, said: “The ...
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