Close Techmark tracker success story

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The Close FTSE Techmark tracker has outperformed its benchmark by 2.1% in the 12 months to 3 Novembe...

The Close FTSE Techmark tracker has outperformed its benchmark by 2.1% in the 12 months to 3 November, the fund's first anniversary and also the anniversary of the index. The £130m portfolio, the only unit trust tracking the index, produced offer-to-offer returns of 46.7% compared with the index performance of 44.6%. Marc Gordon, managing director of Close Fund Management, said the discrepancy is accounted for by the low cost of dealing by the fund. Gordon said: "The quality of your buying can make a difference because of the large spreads involved in smaller companies. We have been able...

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