P227 CEEFAX 227 Tue 15 Nov 20:01/00   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. ghile 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 MarketABC MoneyFile UT Choice Home+Away
P227 CEEFAX 227 Tue 15 Nov 20:10/02   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 September 30 1988. NB This is a statistical comparison and assumes an original base of £100. Share price total return £ Average 239.7 FT All-Share 246.9  More MarketABC MoneyFile UT Choice Home+Away
P227 CEEFAX 227 Tue 15 Nov 20:01/01   3/4     INVESTMENT TRUSTS (3) + Return in terms of share price of a £100 investment over 5 years to Sep 30. (Assumes dividends reinvested in the trust's shares at mid-market prices). 1 Capital Gearing 700.6 2 Trust of Property Shares 512.8 3 Moorgate 458.0 4 Kleinwort Smaller Cos 362.9 5 Drayton Far Eastern 343.9 6 TR City of London 342.6 7 Fleming Enterprise 335.4 8 Lowland 326.8 9 TR Property 325.2 10 Fleming Claverhouse 323.8  More MarketABC MoneyFile UT Choice Home+Away
P227 CEEFAX 227 Tue 15 Nov 20:00/00   4/4      INVESTMENT TRUSTS (4) + Return in terms of net assets of a £100 investment over 5 years to Sep 30. (Assumes dividends reinvested in the underlying assets of the trust). 1 Moorgate 340.9 2 Drayton Far Eastern 337.7 3 Lowland 324.4 4 Fleming Japanese 307.5 5 GT Japan 304.9 6 TR Property 300.2 7 Throgmorton Trust 299.1 8 Kleinwort Smaller Cos. 294.7 9 Baillie Gifford Japan 291.7 10 Fleming Enterprise 285.4  More MarketABC MoneyFile UT Choice Home+Away