Fund Objective

To achieve long term capital growth.

View on Past Performance

In March,the UK stock market generally followed the direction of the US,which sold off heavily due to the collapse of Bear Stearns and a further wave of mixed economic data.

Future Expectations

Looking forward,we feel reassured as the UK stock market is trading near to its lows in term of earnings valuations.There appears to be signs that active investors are returning to the stock market.Sentiment would be helped by an increase in takeover activity and by further declines in interest rates.

Fund Details