Euro strength benefits F&C £317m trust's performance

The performance of the £317m Foreign & Colonial Eurotrust was boosted by the strength of the euro against sterling over the six months to the end of March. The trust's results for the half-year to March 31 showed a rise in net asset value (NAV) of 351.82p to 358.99p per share. After making gains at the start of the period, European equities declined, showing a net loss over the six months. But chairman Douglas McDougall said this was more than offset by sterling's weakness against the euro. Over the period the trust trimmed its overweight position in telecoms after a period of strong ...