Fund Objective

To achieve an attractive level of income commensurate with capital growth.

View on Past Performance

During the period under review the offer price of the units rose by 18%. In the same period, the total return provided by the F.T. All Share index was 6.4% including income reinvested.

Future Expectations

The Funds current view on markets remains positive at the value end of the market where they believe a soft landing scenario will encourage more activity, but they remain unsure as to the timing of any turnaround in technology given the poor newsflow in that area. They are looking for opportunities to reduce their cash balances and it looks as thought this may come from individual stock ideas rather than any sector views at present.

Fund Details