LONDON (Alliance News) - Oryx International Growth Fund Ltd Monday moved to tell shareholders that it will not invest more than 15% of its gross assets in other investment funds, regardless of whether or not such funds have stated policies to invest no more than 15% of their own gross assets in other listed closed-ended investment funds.
In a statement prompted by shareholder feedback, Oryx also reiterated that it will not invest more than 5% of its assets "in units of unit trusts or shares or other forms of participation in managed open-ended investment vehicles."
Oryx shares were Monday quoted down by 2.5% at 395.00 pence.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Oryx International Growth (OIG)