Fund Objective

The CF London York UK Growth & Income Trust will invest directly in UK Equities, high grade UK Corporate Bonds and UK Government Gilts and aims to provide capital growth combined with a yield in excess of the level of the FTSE-A All-Share Index.

View on Past Performance

If war should come, this may provide the catalyst to spark a recovery. In the meantime, we believe there are a number of quality companies offering comparatively high dividend income combined with reasonable/good prospects for the furture. We will continue to manage the Trust in a meticulous and conscientious manner and firmly believe that our patience will be rewarded as and when the market recovers.

Future Expectations

During the summer month of Auguest, the British Stockmarket is traditionally rather subdued and quiet, as many traders are taking their annual leave. However this was not the case last year. Regrettably, this rally proved to be short lived and the index, slumped further in September and October. During August, we adjusted the portfolio to benefit from a recovery in equity markets by incresing our weightings to several core UK chip stocks.During the latter six months of the reporting period, there have been a number of themes emerging within the Stockmarket. Nevertheless, although the very real prospect of war is still looming, we believe that the market is already discounting some of the impact of a major conflict. Consumer spending is also another force driving the market.

Fund Details