UK Alpha Trust makes good recovery after poor mid 2006

L&G's UK Alpha Trust has bounced back from a poor mid-2006 to become the best-performing fund across...

L&G's UK Alpha Trust has bounced back from a poor mid-2006 to become the best-performing fund across all sectors over the past year, according to Trustnet. The vehicle has returned 36.4% over the past year 19 April, beating various smaller company and single country portfolios. Manager Richard Penny said the fund's aggressive style has seen performance soar every month over the past eight apart from November. He emphasised the portfolio, holding only 25 positions, is not for the average investor and clients should understand there will be times when the strategy does not work. He said: "...