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Dunedin Smaller Companies Investment Trust Plc
Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices United Kingdom
London Stock Exchange: DNDL
Company Description
Objective of Dunedin Smaller Companies Investment Trust Plc
" The objective of Dunedin Smaller Companies Investment Trust PLC is to achieve long term growth from a portfolio of smaller companies in the United Kingdom.
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About Asset Management
Aberdeen Asset Management PLC is an international investment management group, managing assets for both retail and institutional clients from offices around the world. Listed on the London Stock Exchange since 1991, the group had over £184.4 billion under management as at 29 February 2012. Our headquarters are in Aberdeen, but we place our people near the companies and markets in which they invest. Today we have staff based in 23 countries.
Featured Media
Dunedin Smaller Companies Investment Trust PLC – Taking a long term approach to achieve long term returns
Important information Risk factors you should consider prior to investing: In common with most investment companies, investment trusts may borrow to finance further investment (gearing). The use of gearing is likely to lead to volatility in the Net Asset Value (NAV) meaning that a relatively small movement, down or up, in the value of a trust’s assets will result in a magnified movement, in the same direction, of that NAV. Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If the currency of your country of residence strengthens against the currency in which the underlying investments of the Trust are made, the value of your investment will reduce and vice versa. The Trust invests in emerging markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down. In some circumstances the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some or all of the portfolio. The registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise putting the value of your investment at risk. The Trust invests in small companies, and / or companies investing in technology or venture and development capital stocks where the potential volatility may increase the risk to the value of your investment. Above average price movements may be expected. The value of shares and the income from them can go down as well as up and you may get back less than the amount invested. Past performance is not a guide to the future. There is no guarantee that the market price of shares in the Trust will fully reflect their underlying Net Asset Value. As with all stock exchange investments, the value of investment trust shares on purchase will immediately fall by the difference between the buying and selling prices, known as the bid-offer spread. Other important information: Issued by Aberdeen Asset Managers Limited which is authorised and regulated by the Financial Services Authority in the United Kingdom. Registered Office: 10 Queen’s Terrace, Aberdeen AB10 1YG. Registered in Scotland No. 108419. An investment trust should be considered only as part of a balanced portfolio. Under no circumstances should this information be considered as an offer or solicitation to deal in investments.
Executives
- The Earl of Dalhousie , Chairman and Independent Non-Executive Director
- Lord Dalhousie was appointed to the board of Dunedin Smaller Companies Investment Trust plc on 1 November 1993 and is now its Chairman. He was formerly a director of Hambros Bank Ltd, is a founder of Enskilda Securities and was a director of Capel-Cure Myers Capital Management. He is chairman of Jamestown Investments.
- Ray Entwistle, Independent Non-Executive Director and Senior Independent Direct
- Ray Entwistle is a Director of Dunedin Smaller Companies Investment Trust PLC. He was formerly the Chairman of Adam & Company, a private bank specialising in personal service and is a Fellow of the Chartered Institute of Bankers in both Scotland and England. He is also a chairman of Scoban PLC, director of I & H Brown Ltd, civil engineers, and Chairman of the Scottish Civic Trust and a Trustee of the Victims Support Campaign Board has held a number of public appointments including ten years as Chairman of The Fruitmarket Gallery in Scotland and at the same time was Governor at the Edinburgh College of Art.
- James Barnes, Independent Non-Executive Director
- TJK Barnes, appointed on 1 December 2003, is chief executive of Dobbies Garden Centres plc. He is also director of Edinburgh Butterfly & Insect World (subsidiary of Dobbies).
- Norman Yarrow, Independent Non-Executive Director
- N M Yarrow CA, appointed on 21 May 1998, is a former director of NVM Private Equity and is also a Trustee for Project Scotland.