Premier Asset Management has won shareholder approval to change the name of its £66m Utilities Invest...
Premier Asset Management has won shareholder approval to change the name of its £66m Utilities Investment Trust. At an AGM on 29 April shareholders agreed the name could be changed to the Premier Energy and Water Trust. Head of closed-ended funds Nigel Sidebottom said the change would give current and prospective shareholders a clear indication of where the trust is invested. “The existing mandate is to invest in global utilities, but for a while the sectors of focus have been energy and water, and we think these will be interesting areas going forward,” he said. “There is still scop...
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