Deutsche changes Latin American trust management

Shares in Deutsche's Latin American Companies investment trust were up 0.25p to 77p today after investors turned around their initial fears over a change of management announced yesterday.

Rosie Bichard has managed the trust since 1997, but is being replaced by Tara Kenney, who is based at Deutsche's offices in Boston, and who already has plenty of experience managing Latin American assets.

The trust currently trades at a 8.7% discount to its net asset value (NAV), and has underperformed its benchmark index by just over half a percent during the past year.

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