Trust restructure plans

By Robert Stock Liquidity problems in some sectors within the smaller companies arena mean that work to restructure the Dresdner RCM's UK Smaller Companies Trust to a more balanced portfolio could take up to three more months. The re-balancing comes as Dresdner has doubled its annual promotions budget to build retail sales under the leadership of new chief executive Tim Nuding, who took up the role on 1 January, and new head of marketing Nick Smith. Their arrival has sparked moves to increase broker resources and add to its current regional sales strategy. Dresdner's new UK smaller comp...