Securities Trust of Scotland (STS) has revamped its investment approach, appointing Martin Currie’s income team head Mark Whitehead as lead manager and adopting an unconstrained and high-conviction strategy to meet its objective of producing real growth in capital and income, rather than measuring performance against a backward-looking market index. The more flexible mandate will allow the limited use of options and the gearing facility will be increased. These changes build on a new di
22 Jun 2016
New manager and newly unconstrained approach
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New manager and newly unconstrained approach
STS Global Income & Growth Trust PLC (STS:LON) | 0 0 0.0% | Mkt Cap: 205.1m
- Published:
22 Jun 2016 -
Author:
Sarah Godfrey -
Pages:
8
Securities Trust of Scotland (STS) has revamped its investment approach, appointing Martin Currie’s income team head Mark Whitehead as lead manager and adopting an unconstrained and high-conviction strategy to meet its objective of producing real growth in capital and income, rather than measuring performance against a backward-looking market index. The more flexible mandate will allow the limited use of options and the gearing facility will be increased. These changes build on a new di