SVM aims for 30 companies in Ofex trust

Scottish Value Management is looking to build up a portfolio of 30 companies in its Ofex Investment Trust. The group has raised £6m for the trust through a placing of ordinary shares and the portfolio is to be run by David Stevenson. He said: "We are not looking to replicate the Ofex universe in the manner of a tracker fund. We will take a careful stockpicking approach to find companies with the right business model to carry them quickly into more senior markets." The Ofex market comprises stocks with a market cap of up to £200m. The new trust will be invested heavily in technology, medi...