Name change for SVM Ofex fund

Shareholders in the SVM Ofex fund investment trust have voted to change its name to the SVM UK Emerg...

Shareholders in the SVM Ofex fund investment trust have voted to change its name to the SVM UK Emerging fund and extend its investment remit to the Aim index. The Ofex fund was launched in 2000 and is benchmarked against the FTSE Fledgling index. However, trust manager David Stevenson said: "The Ofex market has not developed as expected and share prices have not benefited from the recovery of interest in smaller companies over the past 12 months. As a result, the board has been examining ways in which prospects for the fund can be improved to enhance the investment opportunities for shareh...