Schroders social impact fund falls short of its IPO goal
UK’s slow stock market makes it tough for fund listings to attract demand
22 December 2020 - 12:24
London — A Schroders fund focused on social impact projects raised £75m in its initial public offering (IPO), a quarter less than targeted, as fund listings struggle to attract demand in the UK’s laggard stock market.
Schroder BSC Social Impact Trust, which starts trading on Tuesday in London, targets specific social results and allocates capital to effect change, while also seeking a financial return...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.