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Finsbury Tech Trust interim results show 11 per cent fall

Finsbury Technology Trust saw its net asset value per share fall 11 per cent in the six months to May, down 4 per cent on its benchmark, the Morgan Stanley Capital International World Index, which fell 7 per cent.

The trust&#39s share price fell 8.7 per cent over the period.

As was the case last year, no interim dividend is proposed.

Finsbury Technology Trust chairman Bryan Lenygon says: “The last year or so has been painful for the technology investor and there is widespread disenchantment with the sector. However, the application of scientific advancement and innovation continues and we believe that the current problems present a good opportunity too the long term investor.”


iShares – iShares FTSE Euro 100

Tuesday, 31 July 2001.Type: Exchange traded fund.Aim: Growth linked to the FTSE Euro 100 index.Minimum investment: Subject to negotiation with stockbroker.Maximum investment: None.Investment split: 100 per cent linked to the FTSE Euro 100 index.Place of registration: Dublin.Isa link: Yes.Pep transfers: Yes.Charges: Annual 0.5 per cent.Commission: None.Tel: 0845 3577000.

London&#39s West End calls for WELPUT

Benchmark Group and Schroder Property Investment Management have joined forces to offer the West End of London Property Unit Trust (WELPUT).Based in Jersey, the fund is a unit trust aimed at investors who consider property as a safe form of investment.WELPUT will take over the eight properties formerly owned by Benchmark. These include properties in […]

OUTSIDE EDGE David ferguson

Imagine a world in which everything is ideal. Trains arrive on time, mobile phones do not have irritating ring tones and the Welsh woman on Big Brother is not on your telly every night. Now take a deep breath and imagine even harder – think of a world in which instead of routinely misleading their […]

CML warns repossessions may rise

The number of borrowers with mortgage arrears and having property repossessed has fallen this year, according to the Council of Mortgage Lenders. The CML welcomes the news but it fears uncertain economic prospects mean the numbers could rise. Lenders took 10,460 properties into possession during the first half of the year – 1.5 per cent […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 


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