Edinburgh boost by small cap bias

Edinburgh Investment Trust's bias towards smaller companies has enabled it to outperform the FTSE All Share over the year to the end of March. Over that time period the trust's NAV rose by 11% compared to a rise in the FTSE All Share of 7.5%. A 3% overweight exposure to smaller companies and a sizeable weighting in new economy stocks added value, according to Mike Balfour the chief investment officer at Edinburgh Fund Managers. Balfour assumed responsibility for the trust's overall strategy in January 1999 after a period of sustained underperformance. In the year to 31 March 1999 the trus...