By Pascal Dowling Peter Webb, director and fund manager of niche trust Eaglet, expects the trust to...
By Pascal Dowling Peter Webb, director and fund manager of niche trust Eaglet, expects the trust to move into the FTSE All-Share index next year. The trust currently makes up 0.681% of the Fledgling index and Webb is confident it will graduate to the All-Share in January. The NAV on the trust has grown 50% over the last 12 months to the point where its assets are worth over £120m, well above the £77m threshold for the All-Share index. Webb believes the move will result in an increase in demand worth for shares in the trust. He said: "If we move into the All-Share index, index funds will...
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