Fund Objective

The objective is to achieve long-term capital growth.

View on Past Performance

Having experienced a difficult start, the six months to the end of March were more positive for markets, with significant advances being seen from the lows reached in the wake of the terrorist attacks of 11th September. Over the six months to 28th March the FTSE 100 increased by 7.51%. By way of comparison, in reflection of our cautious outlook at the beginning of the period under review, the Trust appreciated by 6.6%.

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