The £318m TR European Growth Trust (Treg), managed by Hendersons, has underperformed its benchmark b...
The £318m TR European Growth Trust (Treg), managed by Hendersons, has underperformed its benchmark by 18.3% for the half year to 31 December 2001. Over the six months, Treg's NAV fell 26.9%, compared with the FTSE World Europe ex-UK Index, which was down 8.6%. Gearing in the trust has now been reduced to £36.2m (12.5%), from the £137.1m (33.6%) levels at the end of June last year. John Shaw, chairman of the trust, said that, while performance has been poor, the portfolio is well placed to prosper in current market conditions.
PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client
The government is "in daily contact" with industry figures over the pensions dashboard as it prepares for the roll-out and its feasibility report, Guy Opperman has said.
Organisation led by Johnny Timpson
From 1 April 2019