The board of Schroder UK Public Private trust (SUPP) has proposed tweaks to its investment policy, as its new management team looks to "rebalance the portfolio towards what they believe is a more sustainable risk/reward profile".
Changes for shareholder approval include a reduction in the minimum number of holdings in the portfolio to 30, from 40 previously, and the removal of the limit on unquoted holdings of up to 80% of the trust's gross assets. The latter will be replaced with a "long-term intention for quoted companies to be not less than 20% of gross assets, although the actual exposure may vary from time to time". Coronavirus Blog: UK 'past the peak' as Johnson prepares to reveal 'comprehensive' exit strategy The proposals, laid out in the trust's annual financial report, were in response to the chal...
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