Group provides an HSBC guide to the characteristics of its closed end funds
Dresdner RCM Global Investors has completed an independent risk assessment of all its investment trusts, undertaken by HSBC. The process included both a quantitative screen to assess the level of risk on a portfolio by comparing its volatility of NAV returns against the FTSE All-Share over one and three year periods. There was also a qualitative screen on the structure of each trust as well as the concentration of the portfolio, mandate, investment style, gearing policy, capital structure and volatility depending on the types of assets held in each portfolio. Dresdner, which has 12 tr...
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