Trusts adding to cash and fixed interest weightings

Following large gains made in 2003, several global growth investment trusts are now increasing their...

Following large gains made in 2003, several global growth investment trusts are now increasing their cash and fixed interest weightings, according to the Association of Investment Trust Companies (AITC). The reverse is occurring in Japan, however, where in the Smaller Companies sector, two out of four trusts have significantly reduced their cash positions over the past 12 months. In the mainstream Japan sector, two out of five firms have reduced their cash and fixed interest weightings. In the Global Growth sector, the British Empire Securities & General Trust, managed by John Pennink, ...