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Investment trust shifts into technology

A simple name change and a new direction can be profitable moves as venture capital investment trust, Murray Ventures, found out Friday.

The £64m fund announced it is changing its name to Murray tmt, and intends to invest in global technology companies.

On the markets, the fund immediately rose 11 per cent to 82p, narrowing its discount to net assets to about nine per cent.

Last month, Invesco Enterprise reinvented itself as Invesco Techmark Enterprise and enjoyed a similar rebound on the markets. That fund announced it was changing its focus from smaller companies to UK technology companies.


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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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