Buffett-following investment trust to list in London
Fri Sep 25 2020
Rachel Long (500 articles)

Buffett-following investment trust to list in London

An investment trust following the principles of veteran U.S. investor Warren Buffett is to list in London, the trust said on Friday.

Buffettology Smaller Companies Investment Trust intends to raise a minimum of 100 million pounds ($127.52 million) via an initial public offering on the London Stock Exchange, it said in a statement.

The trust will mainly invest in companies listed or traded in Britain, through a portfolio of 30-50 companies with market

capitalisations from 20-500 million pounds.

Sanford DeLand will be the trust’s investment manager, led by Keith Ashworth-Lord, CIO of Sanford DeLand Asset Management.

Sanford DeLand manages around 1.4 billion pounds across two open-ended funds.

“The UK small cap market offers excellent investment

opportunities to experienced managers who know what to look for and have the freedom to take a long-term view,” Ashworth-Lord said.

Rachel Long

Rachel Long

Rachel Long is our Desk Correspondent covering Stock Markets across the globe. She is based in New York

Discussion

Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.