Fund Objective

The objective is to achieve long term growth of capital and income.

View on Past Performance

During the last twelve months, world equity markets have declined in the face of a global economic slowdown, evidence of which has become increasingly apparent as companies report their results. In the US, recent macro-economic data shows further signs of weakness and the core economies in Europe have slowed further, compounded by the weakness of the Euro currency, whilst Asia including Japan is showing further evidence of suffering from the global industrial slowdown.

Future Expectations

The primary focus for global markets in 2001, as it was in 2000, remains the US economy.

Fund Details