investment companies index up 17.4% on a total return basis against a 10.5% rise for the ftse
The investment trust sector has had an excellent 2003 so far, outperforming the FTSE All-Share since the beginning of the year. The Investment Companies Index has risen by 17.4% on a total return basis versus a rise of 10.5% in the FTSE All-Share to the end of July. The outperformance is even more pronounced since the beginning of the market rally in mid-March, with investment trusts up some 29.2% to 31 July, outperforming the rise in the All-Share by 9.2 percentage points. Charles Cade, investment trust analyst at Close Wins, said higher beta investment trusts have led the rally alon...
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