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Hi-tech bond boost

The net asset value of Witan grew more than 32 per cent in 1999, partly as a result of investing in technology stocks.


By the end of 1999 net profits stood at £2.09bn, while shares were boosted from 1998&#39s share price of 423.9p to 560.7p.


Witan is an international generalist trust, but has nearly one third of its assets invested in technology, telecoms and the media.


Witan chairman Lord Faringdon says: “Investment flair and entrepreneurial courage are more important than all the 1990&#39s hype and actuarial guff.”

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