Anglo & Overseas Trust's net asset value per share fell by 7.1% last month. Deutsche, the investment...
Anglo & Overseas Trust's net asset value per share fell by 7.1% last month. Deutsche, the investment trust's manager, blamed the downturn in equity markets, particularly in the UK and US, where the trust has 41.5% and 33% invested respectively. Anglo's NAV stood at 302.2p yesterday. The investment trust, which is in the global growth sector, has increased its holding in GlaxoSmithKline citing a more visible drug pipeline while reducing holdings in tech stocks Microsoft, IBM and Intel. Fund managers at the trust, fearing a recession may be hard to avoid in the US, in a defensive move h...
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