reports
- James Carthew
Steady progress in turbulent times
”‹We believe that The SME Loan Fund (SMEF)’s discount is unjustified, given both its track record (since it was launched it has been one of the best-performing funds in its peer group in NAV terms) and its focus on SME lending which, to date, has proved to be less prone to defaults than consumer lending. The board and the manager are keen to close the discount and expand the fund. They point out that investors buying today can, if they wish, exit part of their holding at NAV less 0.5% in March 2...
- James Carthew
Steady progress in turbulent times
”‹The SME Loan Fund (SMEF) has been one of the bestperforming funds in its peer group in NAV terms since it was launched. It is focused on lending to small and medium-sized enterprises (SMEs), an area which in the experience of the UK investment companies market to date, has proved to be less prone to defaults than consumer lending. The board and the manager are keen to close the discount and expand the fund. They point out that investors buying today can, if they wish, exit part of their holdin...
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