Nimmo overweights UK favourites in Global Smaller Companies fund

Standard Life Investments' Harry Nimmo is set to run a significantly overweight position in the UK when his Global Smaller Companies fund launches on 18 January.

Nimmo said a number of his favourite UK stockpicks will have prominent positions in SLI’s new global offering.  “The favourite stocks from the UK and European Smaller Companies funds will be held in the new fund with a heavy UK overweight compared to the index – in which the UK accounts for just 7%,” he said. “As with my UK Smaller Companies fund, I will be employing a strategy of targeting companies which have the potential to become world leaders in their respective sectors.” Nimmo said the portfolio will comprise 40-80 holdings, with 50% of the fund in the US, 25% in the UK and Eur...