the Fund's manager Colin McLean is preferring to invest in Eastern Europe and the Far East
The Scottish Value Trust (SVT) is maintaining its underweight position in the US, preferring eastern Europe and the Far East, with Russia, China and Japan its favoured regions. In 2001, the trust, managed by Colin McLean and Donald Robertson, adopted a stance of concentrating less on index weightings and more on absolute performance, which McLean said has served it well over the past year. In the 12 months to 2 December, the £97.7m trust is ranked seven out 33 in the global growth sector, falling 11.3% on a mid-to-mid basis, compared to the sector average return of -20.7%. The NAV has...
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