UK Select Trust Limited Portfolio Update (2007J)
02 August 2012 - 4:16PM
UK Regulatory
TIDMUKT
RNS Number : 2007J
UK Select Trust Limited
02 August 2012
UK Select Trust Limited (the "Company")
Portfolio update
2 August 2012
Following the appointment of Threadneedle Asset Management
Limited ("Threadneedle") as the Company's investment manager with
effect from 31 July 2012, the Board is pleased to confirm that the
Company's portfolio has now been realigned with Threadneedle's UK
Equity Alpha Strategy.
As at close of business on 1 August, the Company was fully
invested and the top ten holdings in the Company's portfolio
(amounting to 29.59 per cent. of net assets) were as follows:
Company Percentage of net assets
GlaxoSmithKline 4.15
BP 3.93
Royal Dutch Shell 3.44
BT 2.82
Rio Tinto 2.80
BG 2.80
AstraZeneca 2.80
Unilever 2.52
BAT 2.21
Imperial Tobacco 2.12
Threadneedle's UK Equities Team, headed by Simon Brazier,
manages GBP14bn of assets. Mr Brazier is responsible for the
Company's portfolio and will manage it in accordance with his
successful UK Equity Alpha strategy. Mr Brazier applies this
strategy in managing the Threadneedle UK Fund, which has delivered
top quartile performance since he began managing it in April 2010
and is also top quartile over 3 and 5 years*. Threadneedle's UK
equity investment approach uses the ideas and company research
generated by its team of 12 UK equities fund managers and analysts,
combined with insights generated by the broader 130-strong
investment team.
Jim Le Pelley, Chairman of the Company, commented:
"The Board is delighted that Threadneedle have taken over the
management of the Company's portfolio and looks forward to this new
chapter for the Company, sharing in the success of Simon Brazier's
UK Equity Alpha strategy."
Enquiries
Kleinwort Benson (Channel Islands) Fund Services Ltd +44 (0) 1481 710607
(Company Secretary)
Canaccord Genuity Limited +44 (0) 20 7523 8000
(Broker and Adviser)
Andrew Zychowski / Lucy Lewis
*To end June 2012. Source: Threadneedle.
Canaccord Genuity Limited, which is authorised and regulated in
the United Kingdom by the Financial Services Authority, is acting
as adviser to UK Select Trust Limited and is acting for no-one else
in connection with the contents of this announcement, and will not
be responsible to anyone other than the Company for providing the
protections afforded to clients of Canaccord Genuity Limited nor
for providing advice in connection with the contents of this
announcement or any other matter referred to herein. Canaccord
Genuity Limited is not responsible for the contents of this
announcement. This does not exclude or limit any responsibilities
which Canaccord Genuity Limited may have under the Financial
Services and Markets Act 2000 or the regulatory regime established
thereunder.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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