The Schroder BSC Social Impact trust is seeking shareholder approval to make a suite of changes to its investment policy in a bid to hedge the portfolio against rising inflation and boost liquidity.
According to its annual results to the end of June 2022, the trust, managed by Big Society Capital, has been increasing its allocation to investments "that stand to benefit from inflation over time". While the trust mainly invests in a portfolio of private market impact funds, co-investments and direct investments in order to gain exposure to private market social impact investments, it also has a liquid allocation. Throughout the reporting period, the portfolio managers have repositioned the trust's liquid investments for an inflationary and rising interest rate environment, by incre...
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