Fund Objective

The objective is to seek capital growth and increasing income.

View on Past Performance

The six months to the end of April was mildly positive for markets with prices recording modest increases following the earlier rebound from the terrorist attacks of 11th September. Investor confidence however remained fragile with attention focussed on the prospect for and timing of the US economic recovery. As an illustration of market movements, over the period the S&P 500 rose by 1.4% whilst the FTSE share index increased 2.5%.

Future Expectations

There is now considerable evidence to suggest that the global economy has stabilised and in some cases that a pick-up is underway.

Fund Details