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IN BRIEF: Global Smaller Cos Trust makes MSCI Small Cap only benchmark

ALN

Global Smaller Cos Trust PLC - invests in small-cap companies around the world based on fundamentals-based research process - Plans to change benchmark to the MSCI ACWI small cap index net from May 1. The trust’s current benchmark is a blend of two indices: the MSCI all country world ex UK small cap index, at 80%, and the Deutsche Numis UK smaller companies (excluding investment companies) index, at 20%. ‘It is believed that this new benchmark is a better representation of the current composition of the global smaller company equity market and reduces complexity,’ the company says.

Current stock price: 186.00 pence for £779.5 million market capitalisation

12-month change: up 25%

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