P227 CEEFAX 227 Wed 3 Feb 21:00/02   1/4     INVESTMENT TRUSTS (1) + Investment trusts tend to take a back seat to unit trusts in the mind of the ordinary investorN 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. ghile unit trusts are open ended - the managers can create extra units at will - invfstment trusts are closed-ended and, as such, fall under the Prevention of Fraud (Investments) ActN  Mord
P227 CEEFAX 227 Wed 3 Feb 21:04/01   2/4     INVESTMENT TRUSTS (2) + Performance of average trust in terms of both share price and net asset value (assuming in both cases that dividfnds were reinvested in the trust) over the FIVE YEARS to Dec 31 1987N NB This is a statistical comparison and assumes an original base of £100. Share price NAV total total return return £ £ Average 245.9 225.8 FT All-Share 264.7 266.1  More
P227 CEEFAX 227 Wed 3 Feb 21:00/10   3/4      INVESTMENT TRUSTS (3) £ Return in terms of share price of a £100 invdstment over 5 years to Dec 31. (Assumes dividends reinvested in the trust's shares at mid-market prices). 1 Trust of Property Shares 625.7 2 Lowland 532.4 3 Kleinwort Small Companies 436.1 4 Moorgate 369.8 5 English & International 365.7 6 Northern Securities 361.5 7 Baillie Gifford Japan 352.5 8 Drayton Japan 347.7 9 Temple Bar 346.9 10 Throgmorton Trust 335.3  More
P227 CEEFAX 227 Wed 3 Feb 21:00/03   4/4     INVESTMENT TRUSTS (4) + Return in terms of net assets of a £100 investment over 5 years to Nov 30. (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 ToSxo 378.5 5 Lowland 378.3 6 FleMhng 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