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The objective of the trust is to secure long-term growth in capital and income through a policy of investing primarily in an internationally diversified portfolio of publicly listed equities, as well as unlisted securities and private equity, with the use of gearing. The trust is benchmarked against a composite index of 40% FTSE All-Share Index/ 60% FTSE All World ex-UK.
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- The first ever investment trust, launched in 1868
- A diversified portfolio gives exposure to most of the world markets
- Invests in more than 600 companies in 30 countries
- Amongst the largest investment trusts in its sector
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The Company may buy back its own shares for cancellation at a discount to net asset value per share. This forms part of a wider strategy under which the Board has the objective of achieving a less volatile discount with a ceiling, in normal market conditions, of 10% (with debt at market value) as well as enhancing net asset value per share for continuing shareholders.
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40% FTSE All-Share Index / 60% FTSE All World ex-UK Index
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0.60p
(-0.23%)