Fund Objective

The investment objective of this fund is to achieve capital growth in the long term by investing mainly in investment trust companies. The Halifax Fund of Investment Trusts Life and Pension funds invest directly into the Halifax Fund of Investment Trusts OEIC.

View on Past Performance

Global equity markets endured a turbulent month, as turmoil in the US and UK banking industries reverberated around the globe. Key to the volatility was the Republican Party's last minute volte face as, contrary to expectations, it voted against a $700bn rescue package for the US financial sector, amid accusations of 'bi-partisan poison', sending markets plummeting. Stocks did however rebound notably on the last day of the month, amid feverish speculation that the deal will be salvaged.Overall, the FTSE World index lost 10.0% in sterling, total return terms. Within the portfolio, we again took profits from our positions in RIT Capital Partners, which was trading at a premium, and again boosted our US exposure, adding to JP Morgan's American Investment Trust.

Fund Details