Monday, May 14, 2007

Buy FRCL F& C Investment Trust SC

Just in case rally just keeps going!

Bought small amount
FRCL Foreign & Colonial Investment Trust @ 302.75
This is a global fund with uk bias +good emerging markets exposure
+ small but growing private equity component.
It can gear up to c 110% level + trades @ c 13% discount + has a dividend which
is progressively increased + has reserves to keep up dividend in tougher times.
Would be happy to buy more on pullback.

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