Fund Objective

Aims to provide income in excess of the yield of the FTSE All Share Index, with some prospects for capital growth.

View on Past Performance

September saw extreme volatility within the market as confidence in the financial system waned,the threat of deposit withdrawal grew and the wholesale money markets froze. The FTSE All Share recorded its worst month of performance since the October 1987 crash. Over the month, we saw an unprecedented number of financial takeovers and government interventions, including the announcement of a takeover of HBOS by Lloyds TSB and the nationalisation of Bradford & Bingley.

Future Expectations

Although there is significant nervousness in the market, it is pleasing to note that excluding the financial sector, dividends continue to come through strongly. We are focusing on companies that we believe have the capacity and willingness to grow their dividend over the next two years. The market turmoil means there are now significant opportunities for investors to purchase good quality companies at low valuations with these dividend characteristics.

Fund Details