Scottish Value Management is planning to launch an investment trust within the next month. The portf...
Scottish Value Management is planning to launch an investment trust within the next month.
The portfolio will be invested in companies listed on Ofex, an index focusing on stocks below those on AIM. The Scottish Value vehicle will be the first investment trust to concentrate on this market.
As well as consisting of start up companies, many football clubs such as Manchester City and Rangers are listed on Ofex.
Colin McLean, managing director of Scottish Value Management, said: "The market has a bias towards growth areas."
There more than 200 companies in the market. The portfolio will invest in a spread of these companies and not just focus on the technology and bio-tech stocks. He said: "There are a lot of exciting companies apart from the technology ones. The market is also made up of brewers, property and engineering companies."
Scottish Value already runs four investment trusts, including Undervalued Assets, which hasa a market cap of £160.2m.
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