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Standard Life trust makes manager change

The Standard Life equity income investment trust has promoted Thomas Moore to lead manager on the closed-end fund.

Moore was appointed joint investment manager in November 2011, alongside Karen Robertson.

The new lead manager had taken on “increasing responsibility for investment decisions” over the past six months. Robertson will continue to assist in the portfolio management of the investment trust.

Moore will gradually shift the portfolio towards “a more extensive presence in mid caps, where dividend growth has been more robust than in the FTSE 100”.

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