Standard Life Investments has re-opened Harry Nimmo's UK Smaller Companies fund to investors via its wrap, following a wave of outflows.
The fund can now be accessed by new or existing investors on SLI's platform, but no plans have yet been made to offer the vehicle widely across the other mainstream platforms or fund supermarkets. Since the fund was soft-closed last August at £1.3bn, it has lost over £300m in assets, with the portfolio now totalling £988m. The decline in assets has increased Nimmo's flexibility to hold meaningful positions in small-cap stocks and subsequently led to the fund being re-opened on SLI's platform. A spokesperson for SLI confirmed the fund is now available on Standard Life's platform. ...
To continue reading this article...
Join Investment Week for free
- 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