P227CEEFAX 227 Wed 19@Oct 12:08/18
1/4
INVESTMENT TRUSTS (1)
+ Investment trusts tend to take a back
seat to unit trusts in the mind of the
ordinary investor.
The reason is simple: unit trusts can
advertise, investment trusts cannot.
Investment trusts are not allowed to
advertise because they ari companies
with a fixed share capital.
While unit trusts are open-ended - the
managers can create extra units at will
- investment trusts are closed-ended
and, as such, fall under thj Prevention
of Fraud (Investments) Act.
More
MarketABC MoneyFile UT Choice Home+Away
P227CEEFAX 227 Wed 19 Oct 12:00/41
2/4
INVESTMENT TRUSTS X2)
+ Performance@of average trust in terms
of both share price and net asset value
(assuming in both cases that dividends
were reinvested in the trust) over the
FIVE YEARS to July 31 1988.
NB This is a statistical comparison and
assumes an original basj of £100.
Share price
total return
£
Average 240.4
FT All-Share 251.3
More
MarketABC MoneyFile UT Choice Home+Away
P227CEEFAX 227 Wed 19 Oct 12:02/14
3/4
INVESTMENT TRUSTS (3)
+ Return in terms of share price of a
£100 investment over 5 years to Jul 31.
(Assumes dividends reinvested in the
trust's shares at mid-market prices).
1 Capital Gearing 716.2
2 Trust of Property Shares 501.0
3 Moorgate @ 436.2
4 Fleming Enterprise 364.2
5 Kleinwort Smaller Cos 352.0
6 TR Property 342.4
7 Fleming Claverhouse 340.3
8 TR City of London 328.8
: Throgmorton Trust s23.2
10 North British Canadian 322.3
More
MarketABC MoneyFile +T Choice Home+Away
P227CEEFAX 227 Wed 19@Oct 12:07/26
4/4
INVESTMENT TRUSTS (4)
+ Return in terms of net assets of a
£100 investment over 5 years to Jul 31.
(Assumes dividends reinvested in the
underlying assets of the trust).
1 Drayton Far Eastern 352.6
2 Moorgate 345.8
3 Baillie Gieford Japan 339.0
4 Fleming Japanese 338.0
5 GT Japan 334.1
6 Lowland 328.1
@/ Kleinwort Smaller Cos. 317.8
8 TR Property 310.7
9 Fleming Enterprise 308.6
10 Throgmorton Trust 306.4
More
MarketABC MoneyFile +T Choice Home+Away