Nimmo's UK Smaller Cos fund re-opens to investors on SLI platform

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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. ...

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