Exeter plans further product diversification

Exeter Investment Group is planning to launch an open-ended UK Smaller Companies fund and a European portfolio over the next 18 months as it continues its policy of product diversification. Ian Jolliffe, managing director, said the group has a very good track record on the closed-ended UK Smaller Companies Income Fund trust, which it can use to market an open-ended vehicle. Under an Oeic structure, Jolliffe said it was likely the group would use the trust's management team of Nick Brind and Chris Wittingslow. The news follows the group's results for the year ended 30 September 2001, ...