P227 CEEFAX 227 Wed 30 Dec 21:31/00   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 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 under the Prevention of Fraud (Investments) Act.  More
P227 CEEFAX 227 Wed 30 Dec 21:30/11   2/4     INVESTMENT TRUSTS (2) + 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 Nov 30 1987. NB This is a statistical comparison and assumes an original base of £100. Share price NAV total total return return £ £ Average 427.3 * 217.7 FT All-Share 389.3 * 246.7 * Until Aug 31  More
P227 CEEFAX 227 Wed 30 Dec 21:30/01   3/4     INVESTMENT TRUSTS (3) + Return in terms of share price of a £100 investment over 5 years to Aug 31. (Assplds dividends reinvested in the trust's shares at mid-market prices). 1 Trust of Property Shares 1965.3 2 Lowland 918.2 3 Kleinwort Small Companies 675.3 4 Murray Smaller Markets 668.4 5 F&C Eurotrust 658.6 6 TR Pacific Basin 658.3 7 Crescent Japan 624.7 8 Fleming Japanese 624.6 9 Fleming Far Eastern 616.7 10 Baillie Gifford Japan 606.4  More
P227 CEEFAX 227 Wed 30 Dec 21:01/10      INVESTMENT TRUSTS (4) + Return in terms of net assets of a £100 investment over 1 years to Nov 30O (Assumes dividends reinvested in the underlying assets of the trust). 1 Baillie Gifford Japan 472.0 2 GT Japan 394.5 3 Crescent Japan 382.5 4 New Tokyo 378.5 5 Lowland 378.3 6 Fleming Japanese 373.5 7 Drayton Japan 352.3 8 Moorgate 343 3 9 Drayton Far Eastern 332.9 10 Fleming Far Eastern 322.8  More
P227 CEEFAX 227 Wed 30 Dec 21:30/10   4/4     INVESTMENT TRUSTS (4) + Return in terms of net assets of a £100 investment over 5 years to Nov 30. (Assplds dividends reinvested in the underlying assets of the trust). 1 Baillie Gifford Japan 472.0 2 GT Japan 394.5 3 Crescent Japan 382.5 4 New Tokyo 378.5 5 Lowland 378.3 6 Fleming Japanese 373.5 7 Drayton Japan 352.3 8 Moorgate 343.3 9 Drayton Far Eastern 332.9 10 Fleming Far Eastern 322.8  More