Investment trusts which invest in Robert Fleming are being rewarded with a
£350m-plus bonanza thanks to the £4.88bn acquisition of the investment bank
by Chase Manhattan.
Murray Johnstone's three oldest investment trusts are benefiting from a
The net asset value per share for Murray income is up by 7.9 per cent,
Murray international is up by 7.7 per cent and the nav per ordinary share
for Murray global is up by 16.4 per cent.
Fleming's 10 trusts have added an extra £120m. The two trusts reaping the
best rewards are its mid-cap trust and its continental European trust.
Their navs are up by 4.8 per cent and 4.9 per cent respectively.
Foreign & Colonial Investment Trust's nav has added about 3.3 per cent
while Foreign & Colonial smaller companies investment trust is up by about
2.6 per cent, a combined added value of about £115m.
Murray Johnstone head of investment trusts Geoff Burns says: “Murray
Johnstone's three oldest investment trusts have held Robert Fleming shares
for over 60 years and it has proved to be a tremendous investment over the
long term. This is an excellent example of the benefit of long-term