View more on these topics

Edinburgh Dragon Trust loses half its value

Edinburgh Dragon Trust has seen its share price more than halve in value over the past 12 months according to its preliminary results ending 31 August this year.


But it is still beating its benchmark, the MSCI All Countries Asia Free (ex Japan) Index by 9.7 per cent.


The trust&#39s share price fell by 54.1 per cent to 33.75p. The net asset value declined by 49.5 per cent to 44.82p over the last year.


Trust chairman Tony Cassidy said that the single most important contribution to the outperformance against the index came from the decision to increase cash holdings, signalled in last year&#39s report.

Recommended

Birmingham Midshires unveil Guaranteed Bond

GUARANTEED EQUITY BONDSBirmingham MidshiresEQUITY LINKED TRACKER BONDAim: To achieve a guaranteed return and capital growth linked to the FTSE 100 stockmarket index.Minimum-maximum investment: £2,500 – £500,000.Term: Until December 31, 2003.Return: 100 per cent of the growth in the FTSE 100 index over the term, subject to a maximum of 100 per cent of the initial […]

Oeic survey reveals

NOP research reveals few people know what Oeics are despite them being seen as the investment vehicle of the future. A Norwich Union commissioned survey revealed just 16 per cent of adults have heard of Oeics despite 32 per cent having invested in unit trusts, investment trusts or Peps. Autif director of communications Anne McMeehan […]

Wesleyan unveils ISA plans

Wesleyan Financial Services is planning to offer a &#34no fuss&#34 ISA to compensate for the complexity of the Government&#39s plans.It will offer a maxi ISA consisting of an equity element via the Wesleyan Growth Trust with a cash unit trust for the cash component.The equity-only mini ISA will offer the Wesleyan Growth Trust alone while […]

Pru maintains rate for Egg

Prudential is maintaining its launch interest rates on its new Egg product despite the cut in base rates.It will maintain the launch savings rate of 8 per cent gross a year with interest on the ATM card option remaining at 7.5 per centEgg is central to the Prudential&#39s strategy to provide a broad range of […]

A DGT with 100% access and 100% discount?

Clare Moffat, Technical Manager, looks at the benefits of pensions from an IHT perspective. 100% access and 100% discount – what type of wrapper could this be? A pension! Post flexibility there is 100% access (for those over 55) and normally pensions are inheritance tax (IHT) free. With flexibility the options available on death mean […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment