Michael Watt, director and manager of the Henderson TR Pacific investment trust says 2001 was a stink...
Michael Watt, director and manager of the Henderson TR Pacific investment trust says 2001 was a stinker of a year, but added that the signs were good for a geared recovery through 2002. His comments came as the trust reported its preliminary results for its financial year ended in December, which showed that the net asset value fell to 79p from 85.7p and that a stubborn near-20% discount had opened up on the stock. The trust made a negative return of 7.7% compared to the return of 2.3% for the peer group and a 0.5% rise in the benchmark index due to the storming performance of many...
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