The £45m Framlington Smaller Companies fund has been rebranded Framlington Nasdaq, to better reflect...
The £45m Framlington Smaller Companies fund has been rebranded Framlington Nasdaq, to better reflect the type of companies it holds in the portfolio, writes Jenne Mannion. Stephen Kelly has also changed the fund's benchmark from the Russell 2000 to the Nasdaq. Although there is still scope to hold non-Nasdaq companies in the portfolio, the unit trust is currently 100% invested in Nasdaq. Prior to the changes, the fund was 65-70% invested in this market. Lesley Hankin, marketing manager at Framlington, said: "The range of investments is far broader now. Nasdaq holds some 5,000 companies, ...
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