Fund Objective

The investment objective of the Fund is to maximise the total return to unitholders with an equal emphasis on the generation of income and on capital growth.

Future Expectations

Current investment policy, therefore, is designed to anticipate the likelihood of an inflationprone outcome. A strong emphasis is placed on the calibre of the management of individual trusts, coupled with a significant allocation to short-dated bonds alongside a sizeable buffer in the form of liquid instruments.We retain large investment allocations outside the UK which should help to protect UK investors from any continuing weakness of sterling.

Fund Details