The £159m Dunedin Smaller Companies investment trust has agreed in principle to merge into Harry Nimmo's £400m Standard Life UK Smaller Companies trust following a strategic review.
In a stock exchange announcement this morning, the board of Dunedin said the decision had been made as it was "challenging to attract new investors". The board also felt the two trusts were very similar following the merger between Aberdeen Asset Management and Standard Life Investments last year and said it expects the merger to result in a "significant increase" in the trust's valuation. Which trusts are most consistent outperformers over the last decade? The combined trust will be over £550m in size and will be managed according to Nimmo's process. The merger will be con...
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