The aim of the Fund is to achieve long-term capital appreciation and generate an above average dividend yield which will grow over time.
Clear evidence of the global nature of the economic downturn - emerging markets, in some instance, are slowing more than some developed markets - came to the fore in October.This coincided with rising expectations of a sharp fall in the ROE and earnings base of the market, aggressive deleveraging by investors (specifically in the hedge fund segment) and a material dislocation in all asset prices. In the UK, the FTSE All Share Total Return Index fell 13.79% in sterling terms. The Fund, by comparison, was down 12.34%, outpacing the index by around 140 basis points.
|Latest Price||176.60p||IMA Sector||UK Equity Income|
|Currency||British Pound||Launch Date||30/11/2004|
|Fund Size||£996.40m||Fund Manager||James Lowan / Clive Beagles|
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