Article Abstract:
Bankers investment trust is involved in active investment, and takes a long-term approach. Most of the portfolio is accounted for by stocks in large companies, though smaller UK companies are also represented. Bankers Trust is a value investor with a good long-term performance record. Michael Mouleis the lead fund manager, and the net asset value of the trust has gorownby more than the FTSE All Share in the decade to 1998. The trust would be hit if Moule were to leave, though he says that he intends to stay for a minimum of nine years.
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Article Abstract:
Perpetual High Income unit trust has Neil Woodford as its lead manager and he has 16 years experience as a fund manager. Woodford focuses on long-term themes and financial services companies accounted for 43% of funds invested in Jan 1998. The fund's holdings include BAT Industries, Glaxo Wellcome, National Westminster, General Accident and Abbey National. The fund has performed well over a 10 year period. It could become a takeover target and would not necessarily continue to perform well if it were taken over.
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Article Abstract:
Jupiter Income unit trust has William Littlewood as a fund manager and he favors small companies. Jupiter Income has performed better than the market as a whole in the decade to 1998, but did not perform so well in the year to Feb 2 1998, partly because it tends to avoid larger companies. Littlewood expects inflation to be low and still sees best value in smaller firms. The performance of the fund is not lilely to improve until conditions improve for smaller firms. The fund is aggressive, or high-risk.
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