P227 CEEFAX 220 Fri 7 Feb 19:04/10       THE CEEFAX GUIDE TO PERSONAL FINANCE   YOU AND THE TAXMAN Tax Bands and Allowances 221 INTEREST RATES AT A GLANCE 222 Savers' Guide 223 Building Society Rates 224 ROUTES TO THE MARKET All About Unit Trusts 225 Unit Trust Panel 226 All About Investment Trusts 227  A STOCK MARKET ABC 228 ECONOMIC STATISTICS 229  CITYNEWS Index 120
P227 CEEFAX 227 Fri 7 Feb 19:20/34   1/5     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 are 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 qnder the Prevention of Fraud (Investments) Act.  More
P227 CEEFAX 227 Fri 7 Feb 19:20/31   2/5     INVESTMENT TRUSTS (2) + Because investment trusts are limited companies, investing in one is simply a matter of buying some shares. Like unit trusts they offer an expertly guided route into world stock markets. Unlike unit trusts, however, they may invest in unlisted companies, property, gold or whatever. Another attraction is the fact that an investment trust's shares usually stand at a sizeable discount to the value of its investments. And, too, there is always the possibility of a bid.  More
P227 CEEFAX 227 Fri 7 Feb 19:20/00   3/5     INVESTMENT TRUSTS (3) + Performance of average trust in terms of both the total return on net assets and the total return to shareholders over the five years to Oct 1985. (This is a statistical comparison, and assumes an original base of £100). Return on Return to net assets shareholders £ £ Average 236.4 253.1 FT All-Share 262.1  More
P227 CEEFAX 227 Fri 7 Feb 19:25/00   4/5     INVESTMENT TRUSTS (4) + Ranked by return to shareholders on a £100 investment over 5 years to Dec 31N (Assumes dividends reinvested in the trust's shares at mid-market prices). 1 Lowland 554.2 2 Greenfriar 367.0 3 Murray Income 365.7 4 Electra 353.9 5 F&C Eurotrust 345.5 6 Fleming Japanese 340.9 7 Crescent Japan 338.2 8 Murray International 337.1 9 TR City of London 335.2 10 Bankers 335.0  More
P227 CEEFAX 227 Fri 7 Feb 19:20/01   5/5     INVESTMENT TRUSTS (5) + Ranked by return on net assets of a £100 investment over 5 years to Dec 31N (Assumes dividends reinvested in the underlying assets of the trust). 1 Lowland 430.1 2 New Tokyo 389.8 3 Crescent Japan 382.8 4 GT Japan 337.4 5 Moorgate 327.9 6 Greenfriar 326.6 7 F&C Eurotrust 323.6 8 Scottish Mortgage 311.4 9 Bankers 310.1 10 Throgmorton 306.8  More