Fund Objective

The aim of this Trust is to provide investors with long-term capital growth. Income is regarded as of secondary importance.

View on Past Performance

Over the six month period to December 2002 Thornhill Capital Trust's net asset value decreased from 122.11p per unit to 107.43p; a decrease of 12.0%. The dividend payable was 0.6804p per unit in respect of this period. Over the same period the FTSE 100 In

Future Expectations

Interest rates in the UK have remained stable for over a year and there is some evidence that house price inflation is falling back; low inflation and increasing levels of personal debt are likely to subdue consumers going forward. There are indications t Further cuts in interest rates and recent fiscal stimulus packages should assist the return to growth. However, these packages and a potential war imply a significant increase in the national debt. The net effect that this will have on the US dollar, alth

Fund Details