The UK is the focus for the British portfolio trust from Dresdner RCM
British portfolio is an investment trust aimed at medium-risk
investors looking for long-term growth and who want to keep their
money in the UK.
The trust will invest in a portfolio of 80 to 90 UK companies in the
FTSE all share index. At least 70 per cent will be blue-chip
companies including Vodaphone, BP and Glaxo SmithKline that are
also listed on the FTSE 100 index. The remaining 30 per cent will
come from the smaller company end of the stockmarket. However,
the trust will benchmark the FTSE all share index.
It will be managed by Neil Dwane, who joined Dresdner RCM from JP
Morgan in January 2001, where he was senior UK equity portfolio
manager. Before that he worked for Flemings, where he managed
the Fleming mercantile investment trust.
According to Standard & Poors, of the 14
investment trusts run by Dresdner RCM, six are first quartile, three
are second quartile, three are fourth quartile and two are fourth
quartile, based on £1,000 invested on a mid-to-mid basis with gross
income reinvested over three years to November 12, 2001.