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Threadneedle overhauls branding on Brazier's trust
by Sarah Miloudi on Aug 28, 2013 at 07:32
UK Select Trust shareholders have voted to revamp the investment company's branding.
Following its annual general meeting, the UK Select board said the trust would change its name to the Threadneedle UK Select Trust.
After taking the helm, Brazier (pictured) moved to align the vehicle with his higher alpha strategy, Threadneedle UK .
He and the board have also been hoping to grow the trust to £100 million over the short to medium term, though so far this has proved difficult, with the trust holding £30 million in assets when Brazier took over last July, versus £37 million now.
Performance has been strong, however, with the trust's share price up 43.3% over the 12 months to August and its net asset value (NAV) per share up 23.8%. This compares with the FTSE All-Share Index, which over the same stretch has risen 19.2%.
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