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BWD caps top performing fund

BWD Rensburg has capped its UK micro-cap growth fund after it reached its objective of £20m within seven months of launch.

BWD says the fund, which is up 39.56 per cent against a sector average of 8.18 per cent since October, is being capped because of the relative illiquidity of the companies it invests in.

It will not close, however, meaning investors who exit the fund can be replaced.

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