Small cap trust BlackRock Throgmorton (THRG) underperformed its benchmark in the year to November 2025. Strong operational performances from many holdings were often not reflected in share prices as the small and mid cap sector suffered outflows. Share price: 643p NAV per share: 720.5p Market cap: £482.5m Discount to NAV: 10.8% These were Throgmorton’s last … Continue reading BlackRock Throgmorton lags benchmark in pre-merger results