Martin Currie has Week to Sell New Fund As Brokers Tip Value of Just Gbp 80m

Summary

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MARTIN Currie has only one week left to sell the replacement to its troubled Securities Trust of Scotland, with brokers predicting the new fund will raise just GBP 80m.

Following the decision of the trust's board to reject a hostile takeover bid from Perpetual Income and Growth (PIGIT), investors could either sell their holdings for cash, transfer to the Henderson- run Lowland Investment Trust or take shares in New Securities Trust - another Martin Currie-run fund.

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Extract

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Martin Currie has Week to Sell New Fund As Brokers Tip Value of Just Gbp 80m

Although the Edinburgh investment house has spent the past few weeks marketing the fund,...

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