The flagship Schroder UK Enterprise unit trust is to increase portfolio concentration and alter its ...
The flagship Schroder UK Enterprise unit trust is to increase portfolio concentration and alter its performance target. This follows the appointment of Philip Hardy as manager of the trust, replacing Jim Cox who retired from the group on 1 October. Since then Hardy has been looking at how he will alter the portfolio. The fund currently holds 47 stocks and Hardy is aiming to cut this to around 35 to 40 by the end of March next year. The fund has also been given the objective of outperforming the FTSE All-Share index by 2%pa, net of fees over rolling three-year periods. Under Cox, UK Ent...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes