Remit revision for Framlington Smallest Companies universe

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Framlington has broadened the investment universe for its 1,000 Smallest Companies investment trust....

Framlington has broadened the investment universe for its 1,000 Smallest Companies investment trust. Last week the trust updated its investment remit to permit it to invest in stocks listed on the Easdaq. Since the inception of the trust in 1992, a number of new markets have been created and the trust started to invest in the AIM market in 1997. The investment objective has also been revised to reflect the kind of companies which the portfolio has invested in for the past 18 months. According to Brian Watson, manager of the trust, these companies will generally display an innovative approa...

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