To display a different month please select a date from the drop down list:
In June, net asset value (NAV) fell by 4.5%*, this compares to a fall of 6.0%* in the FTSE World Index, in sterling terms. Over the year to the end of June, NAV rose by 30.3%*, and the Index rose by 22.9%*.
Concerns about European government finances, the health of banks, mixed economic data from the United States and fears of a hard landing in China, continued to affect the markets during June.
The holding in the Baillie Gifford Pacific Fund was sold during the month and replaced by a number of direct holdings with a focus on growth in Chinese domestic demand.
*Source - Morningstar (www.morningstar.co.uk), total return
Investment markets and conditions can change rapidly and the views expressed by our Managers should not be relied upon when making investment decisions. Remember, past performance is not a guide to future performance. The value of your investment may go down as well as up and you may not get back the amount you invested. Also, as the Trust invests in overseas securities changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.
