BlackRock has blamed stock selection for the bulk of its Smaller Companies Trust's underperformance ...
BlackRock has blamed stock selection for the bulk of its Smaller Companies Trust's underperformance in the first quarter. Several core holdings saw their share prices perform poorly, with manager Mike Prentis naming Alternative Networks, Chemring, Mouchel and Connaught as dragging returns. He says although Alternative Networks has seen a little weakness and Mouchel failed to win several of the new contracts it tendered for, he will continue to hold all within the portfolio, on the grounds of having strong fundamentals. The manager says performance also suffered through not holding Ven...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
