The SME Loan Fund (SMEF) has been one of the bestperforming funds in its peer group in NAV terms since it was launched. It is focused on lending to small and medium-sized enterprises (SMEs), an area which in the experience of the UK investment companies market to date, has proved to be less prone to defaults than consumer lending. The board and the manager are keen to close the discount and expand the fund. They point out that investors buying today can, if they wish, exit part of their holdi
06 Sep 2016
Steady progress in turbulent times
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Steady progress in turbulent times
- Published:
06 Sep 2016 -
Author:
Ed Marten -
Pages:
11
The SME Loan Fund (SMEF) has been one of the bestperforming funds in its peer group in NAV terms since it was launched. It is focused on lending to small and medium-sized enterprises (SMEs), an area which in the experience of the UK investment companies market to date, has proved to be less prone to defaults than consumer lending. The board and the manager are keen to close the discount and expand the fund. They point out that investors buying today can, if they wish, exit part of their holdi