The board of the £486m Aberdeen Asian Smaller Companies investment trust has decided to change its name and number of holdings in the portfolio, while Hugh Young is becoming named manager.
With immediate effect, the trust is being re-named to Aberdeen Standard Asia Focus PLC, highlighting the emphasis on identifying and investing in small-cap companies. At the same time, Hugh Young will become the named fund manager of the trust with responsibility for the day-to-day investment decisions. Curtis, Spiller, Young: Who are the longest serving investment trust managers? The vehicle will also become more concentrated, with the total number of holdings reduced from 80 to 60, and 30 of these considered core holdings with the aim to achieve greater focus. The management ...
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