The Matrix Investment Trust Tracker Oeic will be forced to underweight the largest component in its ...
The Matrix Investment Trust Tracker Oeic will be forced to underweight the largest component in its benchmark index. Unit trusts and UK Oeics cannot have more than a 10% portfolio exposure to a single stock but as of last Wednesday the £6.2bn 3i Group made up 13.58% of the overall benchmark the trust will be tracking, the FTSE All-Share Investment Companies index. The manager of the fund, Barclays Global Investors (BGI), intends to have a weighting in the stock of 9.8% but stressed the 3i shares were very volatile and the trust's overall index weighting fluctuated between 8-14%. The gr...
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