SVT seeks another name

Shareholders in the £140m Scottish Value Trust (SVT) are to vote on a name change at its December AG...

Shareholders in the £140m Scottish Value Trust (SVT) are to vote on a name change at its December AGM. An alternative name has yet to be decided but Colin McLean, founder of SVM, said any name would reflect the trust's global growth mandate and include the SVM tag. The intended rebrand follows the renaming of the £84m Undervalued Assets Trust, managed by McLean, to the SVM UK Active fund, approved by shareholders earlier this month. McLean said: "The name Undervalued Assets gave the perception that this was a deep value fund, which is not the case. This may have deterred some investors ...