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 was slightly 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% whilst overseas the S&P500 (sterling adjusted) rose 13.76%. By the way of comparison, in reflection of our conservative stance for the fund, during the period under review the Trust recorded an increase of 5.9%.

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