Bringing you live news and features since 2006 

Bill Prew, Indos Financial

INDOS Financial appointed as depositary by Manchester and London Investment Trust plc


The independent UK depositary firm INDOS Financial Limited has been appointed as depositary by Manchester and London Investment Trust plc, an investment company with investment trust status that has been listed on the main market of the London Stock Exchange since December 1997.

MNL’s investment objective is to achieve capital appreciation and a reasonable level of income through a policy of actively investing in a diversified portfolio, comprising UK and overseas equities and fixed interest securities. MNL’s market capitalisation as of 18 January 2018 was GBP114.6 million, and it was ranked by FE Trustnet as the third best performing UK investment trust in 2017 in total return terms.

Bill Prew (pictured), CEO of INDOS, says: “We are delighted to have been appointed as depositary by MNL. The appointment validates our firm belief that independence of the depositary from other service providers to the fund enhances fund governance. The appointment is another step towards our aim to become a leading depositary to the UK investment trust sector and a genuine alternative to the traditional bundled service model within the industry.”

Brett Miller, Head of Governance at M&L Capital Management Limited, MNL’s Alternative Investment Fund Manager, says: “We selected INDOS because we were looking for an independent depositary that would add value to our business beyond simply enabling us to meet our regulatory obligations. INDOS took a proactive and flexible approach throughout the on-boarding process and we are looking forward to working with the team”.

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by