UK - A UK small and mid-cap fund for institutional investors has been launched by Standard Life Investments.
The UK Opportunities Fund will invest in stocks with a market cap of between £10m and £2bn. It will initially have a 50-50 split between FTSE250 and FT Small Cap stocks.
However, further allocation will be driven by the relative merits of the underlying companies.
Fund manager Mark Niznik said: “This new fund will aim to give investors a superior long-term return by investing in businesses with good franchises where valuations look attractive.”
Standard Life managing director of mutual funds Alan Burton added: “The UK Opportunities Fund will draw upon the experience, knowledge and expertise of the award-winning UK Smaller Companies team which has already achieved considerable success with its UK Smaller Companies Fund.”
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