Ashoka WhiteOak Emerging Markets Aims to Be First Investment Trust to Float in 18 Months
By Oliver Haill
Ashoka WhiteOak Emerging Markets Trust PLC is planning to raise £100mln and be the first investment fund to list in London for over 18 months.
With an aim of providing long-term capital growth for investment, the closed-ended investment company will be managed by Acorn Asset Management, an arm of Singapore-based investment management boutique White Oak Capital Partners, which also runs the Ashoka India Equity Investment Trust PLC (LSE:AIE) and has roughly US$5.5bn in assets under management.
Photo courtesy of Steven Depolo.