Sanford DeLand Asset Management (SDL) has launched an initial public offering for subscription for shares in its new trust, which offers a closed-ended version of its UK Buffettology smaller companies strategy.
The UK Buffettology Smaller Companies investment trust will invest in a portfolio of 30 to 50 smaller companies (limited to 60) with a market capitalisation of between £20m and £500m, listed on the London Stock Exchange (LSE) or quoted on the Alternative Investment Market (AIM). Sanford DeLand Free Spirit eyes substantial growth as fund turns three Benchmarked against the Numis Smaller Companies plus AIM (Ex-Investment Trust) index, the trust will adopt a long-term investment horizon of at least five to ten years. Managed by SDL, the trust will adopt the philosophy of Business Pers...
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