Cameron Investors Trust to roll over into Troy Income & Growth

Increases net assets to £253m

Troy Asset Management's four-month-old £11m Cameron Investors Trust is being rolled over into its larger Troy Income & Growth (TIGT) compatriot.

The move will increase TIGT's net assets to £253m and marks the third trust to be rolled into the vehicle after the £10m Grampian investment trust and the £22m Albany investment trust in 2012. Cameron is run by the same managers as TIGT, Francis Brooke and Hugo Ure, and invests in a concentrated portfolio of predominantly UK equities. At the time of its listing on the stockmarket, it told investors it had been considering merging with another trust. Cameron shareholders will roll over their entire investment into TIGT, the board said. It added it had chosen TIGT because the two trusts...