Sudden rename, can it be updated in the freetrade app please? I actually can’t see the old ticker LON:EFM in the app anymore at time of posting.
Also, for the community… Should we speculate why they did it? I think maybe there was confusion over it having Edinburgh on the title but it was Asian stocks.
No transparency from the fund, even first google result speculating.
We woke this morning to annual results from Asia Dragon Trust – which was a bit confusing as it is not a fund we have ever heard of – turns out that Edinburgh Dragon’s board decided to change the name of the trust with immediate effect – the ticker becomes DGN. Given that this is one of the largest and oldest trusts investing in Asia, the decision to change the name seems a bit odd but, then again, the “Edinburgh” referred to Edinburgh Fund Managers – long since departed and putting Asia in the name helps clarify what it does. New name for Edinburgh Dragon - QuotedData
Makes sense I guess. The first time I came across the Scottish Mortgage Investment Trust, I thought no way do I want to invest in mortgages in Scotland