P227 CEEFAX 220 Sat 1 Apr 00:02/00        £!!!£!£!! !£!£! THE CEEFAX GUIDE TO PERSONAL FINANCE   YOU AND THE TAXMAN $bx Bands and Allowances 221 INTEREST RA$JS AT A GLANCE 222 Savers' Guide 223 Building Society Rates 224 ROU @S TO THE MARKET All About Unit Trusts 225 Unit Trust Panel 226 All About Investment Trusps 227  A STOCK MARKET ABC 228 ECONOMIC STATISTICS 229  CITYNEWS Index 120 Tax Guide Headlines TV Index Top Sport
P227 CEEFAX 227 Sat 1 Apr 00:11/05   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. Wdile unit trusts are open-ended - the managers can create extra units at will m 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 Sat 1 Apr 00:00/05   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 December 31 1988. NB This is a sratistical comparison and assumes an original base of £100. Share price total return £ Average 221.3 FT All-Share 228.7  More MarketABC MoneyFile UT Choice Home+Away
P227 CEEFAX 227 Sat 1 Apr 00:01/04   3/4     INVESTMENT TRUSTS (3) + Return in terms of share price of a £100 investment over 5 years to Dec 31. (Assumes dividends reinvested in the trust's shares at ljd-market prices). 1 Capital Gearing 727.8 2 Moorgate 408.3 3 Kleinwort Smaller Cos 319.1 4 Drayton Far Eastern 316.8 5 City of Oxford 313.6 6 Trust of Property Shares 310.3 7 TR City of London 307.4 8 North British Canadian 300.1 9 $fmple Bar 296.6 10 Lowland 293.2  More MarketABC MoneyFile UT Choice Home+Away
P227 CEEFAX 227 Sat 1 Apr 00:00/06   4/4     INVESTMENT TRUSTS (4) + Return in terms of net assets of a £100 investment over 5 years to Dec 31. (Assumes dividends reinvested in the underlying assets of the trust). 1 Moorgate 309.5 2 Drayton Far Eastern 305.6 3 Lowland 298.7 4 Fleming Japanese 279.7 5 Govett Oriental 271.7 6 Murray Ventures 267.9 7 GT Japan 267.4 8 Kleinwort Smaller Cos. 265.8 9 £onsolidated Venture 265.0 10 Baillie Gifford Japan 261.3  More MarketABC MoneyFile UT Choice Home+Away