The Schroder British Opportunities (SBO) trust is proposing a major thesis shift to focus purely on private equities and end its investment into UK-listed stocks.
In a stock exchange notice today (17 March), the board said that while its net asset value had increased 13.4% since its IPO in 2020, the board and investment manager felt that the private equity portfolio offered "a better opportunity set in the current environment". Gravis' Matthew Norris: Why private equity is snapping up REITs for a bargain The trust currently invests in a split of public and private UK equities and according to the RNS notice, 70% of the trust is currently invested in PE, 23.5% in listed stocks and the rest in cash. Indeed the latest interim report for 2024 sh...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
