The board of Gartmore's Fledgling Trust is proposing to change its investment policy to allow it to h...
The board of Gartmore’s Fledgling Trust is proposing to change its investment policy to allow it to hold Aim-listed stocks. This will give managers Gervais Williams and Andrew Russell the ability to invest up to 20% in Aim stocks that meet the market cap criteria of the Fledgling index. The reason behind the change is that the vehicle’s investable universe is shrinking as more and more companies formerly on the Fledgling index relist on Aim. Fledgling’s stocks have decreased from 495 in 2001 to 126 this year. Shareholders will make a decision on the proposal at an EGM on 28 November.
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