International generalist investment trusts are geared up to benefit from expected global growth next...
International generalist investment trusts are geared up to benefit from expected global growth next year. In October 1998 when markets were digesting the Russian devaluation and there was a crisis of confidence over the prospects for equity markets, the average gearing on an international generalist trust was 109%, according to the AITC. Continued recovery in the Far East and Japan together with the restructuring story in Europe and the technology boom in the US has led managers to increase their gearing. Currently the average gearing on generalist trusts is 111%. Over the last month, Sc...
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