Henderson to change remit of IT

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Henderson Smaller Companies investment trust is to change its investment remit allowing it to increa...

Henderson Smaller Companies investment trust is to change its investment remit allowing it to increase its exposure to UK smaller companies Around 20% of the trust's underlying portfolio is exposed to non-UK smaller companies. John Alexander, manager of the trust, intends to progressively increase the portfolio weighting in UK listed smaller companies closer to 100 The decision to the change the investment remit was taken to narrow the trust's discount. As at close of business last Thursday the £625.3m trust was trading on a discount to NAV of 19.2%. Stephen Westwood, client services dire...

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