Fund Objective

The Fund's objective is to achieve long term capital and income growth.

Future Expectations

Investors are increasingly confused about portfolio positioning and the resulting market volatility is likely to be self-feeding.The only trend we feel confident in is the continuing justification for holding defensives.The UK economy is in a mess and the banking system does not look like it is stabilising in a hurry.Profits are going to be under intense pressure but valuations are reasonably attractive and should reward the patient investor.

Fund Details