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British Empire Newsletter November 2012

This investment management report relates to performance figures to 31 October 2012.

 
PRLog - Nov. 23, 2012 - This investment management report relates to performance figures to 31 October 2012.

BTEM NAV
month: 3.6%
Financial Yr* to date: 3.6%
Calendar Yr to date: 12.6%

Benchmark
month:      -0.1%
Financial Yr* to date: -0.1%
Calendar Yr to date: 9.8%

MSCI World
month: -0.4%
Financial Yr* to date: -0.4%
Calendar Yr to date: 8.8%

Statistics

Price (£)
Value: 451.9
% 1 mo: 3.2
% 1 yr: 0.1
% 3 yr: 15.9
% 5 yr: 2.3

Net Asset Value
Value: 504.4
% 1 mo: 3.6
% 1 yr: 5.3
% 3 yr: 15.1
% 5 yr: -2.2

Net Asset Value Total Return
% 1 mo: 3.6
% 1 yr: 7.7
% 3 yr: 21.4
% 5 yr: 6.5

Benchmark
% 1 mo: 0.1
% 1 yr: 7.7
% 3 yr: 27.5
% 5 yr: 6.0

Top Ten Equity Holdings

Vivendi     9.49%
Orkla     6.01%
Jardine Matheson     5.48%
Jardine Strategic     5.46%
Aker     4.73%
Investor AB     3.62%
GBL     3.33%
Sofina     3.05%
Detour Gold     2.77%
Granite Real Estate     2.44%
TOTAL     46.38%

Major Movers

Largest Risers

Treasury China Trust -  37.50% change
Amerisur Resources Plc - 31.47% change

Capital Structure

Ordinary Shares     160,014,089
8 1/8% Debenture stock 2023#     £15,000,000
Equities index unsecured loan stock 2013 units**     2,426,754

Further Information

Investment Manager – John Pennink, AVI Ltd.
+44 20 7647 2900
info@assetvalueinvestors.com

The share price can be found under ‘INVESTMENT COMPANIES’ in The Financial Times, The Times, The Daily Telegraph, The Scotsman and The Evening Standard.
Risk Factors you should consider before investing

Investment in the British Empire Securities and General Trust plc (the "Trust") carries risks, which are more fully described in the Key Features Document. Listed below are some of the key risks:

Investors are reminded that past performance is not a guide to future performance and that their capital will be at risk and they may therefore lose some or all of the amounts that they choose to invest in the Trust.

The Trust utilises gearing techniques (leverage) which exaggerate market movements both down and up and which could mean sudden and large falls in market value.

Movements in exchange rates can impact both the level of income received and the capital value of your investment. If the currency of your residence strengthens against the currency in which the underlying investments of the fund are made, the value of your investment will reduce and vice versa.

As with all stock exchange investments the value of investment trust shares will immediately fall by the difference between the buying and selling prices.

Where investments are made in emerging market, unquoted securities or smaller companies, their potential volatility may increase the risk to the value of, and the income from the investment.

British Empire Securities and General Trust plc, Springfield Lodge, Colchester Road, Chelmsford, Essex CM2 5PW. Registered in England & Wales No: 28203

All figures as at the period under review unless otherwise stated. All sources Asset Value Investors Ltd unless otherwise stated. Asset Value Investors Limited (“AVI”) is authorised and regulated by the Financial Services Authority ("FSA"). This document does not constitute an offer to buy or sell shares in the British Empire Securities and General Trust plc (the "Trust"). The contents of this message are not intended to constitute, and should not be construed as, investment advice. Potential investors in the Trust should seek their own independent financial advice. AVI neither provides investment advice to, nor receives and transmits orders from, investors in the Trust nor does it carry on any other activities with or for such investors that constitute "MiFID or equivalent third country business" for the purposes of the FSA's rules.

http://www.british-empire.co.uk/
http://www.british-empire.co.uk/news-archive/2012/newslet...

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Source:british empire securities
Country:United Kingdom
Industry:Economy
Tags:investing
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