20 Apr 2020 09:12
Keystone Investment Trust Plc - Statement re Amendment to Investment PolicyKeystone Investment Trust Plc - Statement re Amendment to Investment Policy
PR Newswire
London, April 20
Keystone Investment Trust plc
LEI: 5493002H3JXLXLIGC563
HEADLINE: Statement re Amendment to Investment Policy
After the recent strong performance of the company’s holdings in overseas-listed gold mining companies, the aggregate exposure to overseas securities has exceeded the Board’s indicative threshold of 15% of the portfolio value. These holdings represent portfolio manager James Goldstone’s highest conviction investments and the Directors wish to allow him headroom to continue to express this.
Accordingly, the Board announces that it is revising its policy on overseas holdings. Henceforth the Company will not normally invest more than 20% of its gross assets in companies that are not listed or quoted in the UK. This limit will be applied at the time of investment.
Invesco Asset Management LimitedCompany Secretary
20 April 2020