The new lead manager on the £82.8m Invesco Perpetual UK Smaller Companies investment trust is lookin...
The new lead manager on the £82.8m Invesco Perpetual UK Smaller Companies investment trust is looking to reduce the number of holdings from 220 to around 160, writes Robert Stock. Mark Niznik took over the heavily diversified portfolio at the start of June from John Sweet, whose departure has been flagged in a consumer report by Hargreaves Lansdown as one of four concerns the broker has about Invesco Perpetual. As well as trimming the portfolio, Niznik is looking to recruit a junior fund manager with several years' experience as an assistant in the management of the trust. In the rep...
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