The Foreign & Colonial Pep and Isa Investment Trust is retaining a large exposure to old economy com...
The Foreign & Colonial Pep and Isa Investment Trust is retaining a large exposure to old economy companies over new economy tech stocks. Graham Ross Russell, chairman of the trust, said: "Although this had a negative effect on portfolio performance when these sectors performed strongly, since the speculative bubble burst one year ago the portfolio's relative performance against its main benchmark, the FTSE All-Share Index, has been very strong." Julian Cane, fund manager, said the trust's biggest position is in banks, with a lot held in the Bank of Scotland, which over the six months saw ...
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