Investec downgrades Schroders ex-Woodford trust to sell

Q3 update sobering reading

clock • 1 min read
Investec downgrades Schroder UK Public Private trust to sell
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Investec downgrades Schroder UK Public Private trust to sell

In a note issued yesterday (30 November) on Schroder UK Public Private trust (SUPP), Investec said it remained concerned about the medium-term outlook and the “immature portfolio and legacy issues” were likely to be a drag on returns as it downgraded the trust to a sell.

The former Woodford Patient Capital trust has benefited from the legacy invest in Oxford Nanopore, which contributed 94% of the Q3 NAV increase of 15.9%, according to Investec. The biotech firm set...

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