Foreign & Colonial's Income Growth Investment Trust has revealed a 14 per cent fall in net assets for the six months to September.
But the fund manager says that the fall still represents a creditable performance given world stock market turbulence. The benchmark index the FTSE 350 fell by 15.2 per cent over the same period.
The trust is also declaring a second interim dividend of 0.8p per share. It is continuing to hold defensive stocks.