Fleming positive on tech long term

Fleming Mercantile investment trust is looking for opportunities within value stocks but remains positive on the long-term technology story. The closed-end fund is looking to increase its gearing to 16%, having fallen back to 4%. The trust has seen an 11.8% rise in its NAV for the six months to 31 July, outstripping the 9.5% rise in the benchmark FTSE All-Share Index (excluding FTSE 100 and IC's) during what has been a volatile six-month period. Fleming Mercantile saw its stocks in companies such as BATM Advanced Communications, Baltimore Technologies, and Psion rise sharply during the r...