Fund Objective

To provide a high and growing level of income with prospects for long-term capital growth.

View on Past Performance

Over the period ended 15 October 2001 the capital loss per share from the UK Income Opportunities Fund class 1 shares was -3.77%. This compares with a negative return from the UK Equity and Bond sector average of -6.46% over the same period.

Future Expectations

For now the markets seem more prepared, in the wake of the US attacks, to believe in recovery in 2002 than appeared the case before September 11th. The principal reason for this is the almost unprecedented co-ordination of US fiscal and monetary stimuli that should begin to impact the US economy during 2002 and help mitigate the negative effects on consumer confidence brought about by the US terror attacks.

Fund Details