The £313.3m investment trust, managed by Emily Fletcher and Sam Vecht, will now be able to invest in all but the eight largest constituents of the MSCI Emerging Markets index.
The proposal was first mentioned in the investment trust’s annual report from December, but an extraordinary meeting was announced earlier this month so that shareholders could vote on the changes.
That meeting took place today and 99.92% of votes went in favour of the amendment to the investment objective and policy.
The changes come into effect from 1 April, the day following the company’s half-year end.
Last week shareholders in another Blackrock investment trust, Throgmorton, also voted in favour of extending their fund’s investment universe, albeit to include more Aim-listed companies and small-cap stocks from the US and Europe.
