Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

McLean loads up on his underperforming UK small-cap fund

1 Comment
McLean loads up on his underperforming UK small-cap fund

Colin McLean, managing director of SVM Asset Management, has snapped up shares in his ailing £2.8 million UK Emerging investment trust.

According to an announcement posted on the London Stock Exchange late yesterday afternoon, McLean has bought an additional 135,000 shares in his trust, raising his total stake to 309,000 shares, or 5.15%.

McLean assumed sole control of the struggling trust on 6 September when SVM co-founder Donald Robertson resigned from the firm.

In the last three years the trust has seen its net asset value fall by 25.46% versus a 20.63% rise in the FTSE Small Cap index.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter