Mr Nicholls and Dale Nicholls

Dale Nicholls: That was the past. With 18 year investment experience and a similar philosophy to Mr Bolton, Dale Nicholls took over management of the trust at the start of April 2014, according to The Independent. Mr Nicholls has worked closely with Mr Bolton since the start of this year, since which point no trades have been placed without the new manager approval and Importantly, however, the trust beat the China index over Mr Bolton tenure something that tends to be overlooked. I can't help but feel some of the media had some responsibility for scaring investors away at exactly the wrong time, following a short spell of poor performance in the trust early days. As I write, it is only around 3 per cent ahead of its launch price, though it is often forgotten that the broader Chinese market has also been poor over this time. Stock picking drives the construction of the portfolio. Mr Nicholls looks at companie growth prospects over five to 10 years, seeking cash-generative businesses with the potential to reinvest capital in high-growth opportunities. He favours exceptional management teams vital for small and medium-sized companies, where the trust has a bias, to thrive. In this area of the market, less information is widely available and more valuation anomalies appear, providing a perfect hunting ground for stock pickers. (news.financializer.com). As reported in the news.