The board of the SLI UK Smaller Companies investment trust, run by Harry Nimmo, has altered its benchmark and mandate to allow the manager to invest up to half of the portfolio in AIM stocks.
The £380m trust could previously invest 35% to 40% in AIM and the board has now agreed to increase this limit to 50% of the portfolio. Nimmo currently has 42% of the trust invested in AIM, but said increasing...
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword
MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.
Change of objective