Tracker fund outperforms index

The Tribune UK Tracker investment trust has, according to its promoter Witan, benefited from a prudent share buy-back policy and its directors generously taking a pay cut to achieve the unthinkable. It has outperformed not only a host of active managers but also the FTSE All Share, performance of which it is designed to track. The trust is managed by Barclays Global Investors and Witan highlighted BGI’s low tracking error of minus 0.08pc coupled with share buy-backs estimated to have added 1.04pc to net asset value as leading to outperformance of the All Share of 0.96pc. The trust...