View more on these topics

Julian Gibbs

Exeter, the investment trust specialist, has a unit trust which has hardly ever been publicised and has excellent past performance.

Richard Scott, the outstanding manager of the Exeter global opportunities fund, has produced a return of over 96 per cent over the five years to February 1, 2002 – more than 20 per cent better than the top-performing global growth investment trust.

The unit trust invests in a wide spread of investment trusts including some run by Invesco Perpetual, Merrill Lynch, Martin Currie, Henderson Global Investors and Fleming.

Over the past year, the trust has fallen by 26 per cent – slightly more than the sector average – because discounts on investment trusts widened during the bear market and because of the gearing. These facts, however, mean that the fund should outperform its sector generally when the markets recover, which will surely be either later this year or early next year.

By selecting the right international sectors and trusts where the discounts have become too high, and then selling either when another sector is better value or the trust becomes overvalued, Scott has managed to outperform all except one trust in the global growth sector over five years. He has also outperformed all except four of the 205 trusts in the UK all companies sector, all except one in the UK equity income sector and all except two in the UK smaller companies sector.

The trust has also outperformed all European, Far Eastern and Japanese unit trusts and all except nine unit trusts in the North American sector.

This is a trust undiscovered by most advisers. It is strongly recommended for all growth investors wishing to invest for periods or three to five years or more, especially as a long term investment for children.


Kreis Consulting – LICA VII

Wednesday, 27 March 2002 Type: Enterprise investment scheme Aim: Growth by investing in unquoted companies involved in industrial innovation, media innovation, technology and new media Minimum investment: Lump sum £25,400 Opening/closing dates: March 7, 2002 &#45 April 5, 2002 for 2001/2002 tax year, April 6, 2002 &#45 May 31, 2002 for 2002/2003 tax year Charges: […]

L&G takes steps in bid to boost with-profits bonds

Legal & General is offering a step-by-step guide to with-profits bonds in to boost the popularity of the investment among the public.The guide, which has been awarded a crystal mark by the Plain English Campaign, covers areas such as the history of with-profits bonds, what they are and what they aim to achieve.It explains what […]

IFAs warn Kelly annuities are big disincentive to pension savings

The Government came under fire over its plans to reform the annuity regime at a public forum in London last week, with its critics claiming they will do nothing to motive people to invest in pensions.The proposals would allow transfers between advisers and a limited period annuity but do not change compulsory purchase at 75.Speaking […]

GMAC-RFC adds Leeds & Holbeck for through loans

Mortgage lender GMAC-RFC has added Leeds & Holbeck Building Society to its through lending programme where one lender markets a loan and sells it to another on or just before completion.Market Harborough was the first society to sign up for the programme last year which is used as a way to increase product ranges and […]


Graphic content – May; UK economic data has finally turned for the worse

In June 2016, immediately before the Brexit referendum, a curious thing happened. Despite the colossal uncertainty facing the UK, economic data actually started to come in above consensus forecasts. Citi’s economic surprise index nudged into positive territory, which meant that UK economic data had on the whole outperformed consensus forecasts over the prior three months. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm