JPM Claverhouse joins FTSE 250 after Blackrock Throgmorton merger

(Alliance News) -JPMorgan Claverhouse Investment Trust PLC will join the FTSE 250, FTSE Russell ...

Alliance News 16 April, 2026 | 7:04PM
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(Alliance News) -JPMorgan Claverhouse Investment Trust PLC will join the FTSE 250, FTSE Russell announced on Thursday, following the merger of Blackrock Throgmorton Trust PLC into Blackrock Smaller Companies Trust PLC.

Back in February, Blackrock Throgmorton said the deal would bring together two similar investment companies with significant portfolio overlap and create a company with net assets of approximately GBP780 million, delivering greater scale, liquidity and cost efficiencies.

Activist investor Saba Capital, which had a 17.8% voting interest in Blackrock Throgmorton, and a 10.4% voting interest in Blackrock Smaller Cos, voted in favour of the plans.

The combined entity will remain on the FTSE 250 as Blackrock Smaller Companies Trust PLC.

The enlarged Blackrock Smaller Companies has also adopted a new investment policy, effective Thursday.

The investment manager will continue to invest predominantly in listed UK smaller companies, but will have additional latitude to invest in small cap stocks outside of the benchmark index, Blackrock said.

It will also be permitted to invest up to 15% of the company's gross assets, at the time of acquisition, in global small cap stocks which are listed overseas and which do not have a primary or secondary UK listing.

All changes to the index will be made effective April 21.

By Aidan Lane, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
BlackRock Smaller Companies Ord 1,316.00 GBX 0.61
BlackRock Throgmorton Trust Ord 552.00 GBX -1.08
JPMorgan Claverhouse Ord 906.00 GBX 0.22

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