The River & Mercantile UK Micro Cap Investment Company remains at an above-average discount one year on from the shock exit of former manager Philip Rodrigs, although the trust has outperformed its index and peer group under new manager George Ensor.
The £76.87m trust, which invests in a diversified portfolio of UK micro-cap companies and has traded at a premium to most of the UK-listed small cap sector for the majority of its existence, is currently...
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