Top 100 Funds as set out by Investors Chronicle

Nov. 29, 2012 - PRLog -- Top Funds

British Empire Securities & General Trust has been named in the Top 100 Funds as set out by Investors Chronicle.

The article explains...

"... the trust has seen a recent uptick in NAV performance. This month, its top holding, Vivendi, benefited from billionaire industrialist Vincent Bolloré increasing his stake, sending its share price up 25 per cent. Mr Bolloré, who is the chairman and largest shareholder in French advertising group Havas, is now one of the largest shareholders in Vivendi after his investment vehicle increased its stake in the music and pay-television group from 4.4 per cent to 5 per cent. Mr Bolloré has a track record of making canny strategic investments."

Oriel Securities says:

"BTEM's performance is likely to continue to bear little correlation with any index, reflecting its distinctive and disciplined investment style. The big question facing investors is whether the recent run of short-term outperformance can be sustained. We view the fund as defensively positioned given both the discount on the fund and on underlying holdings and we see scope for surprise on the upside from current levels. In short, we continue to expect BTEM's strategy to add value over the long term."

http://www.british-empire.co.uk/l/top-funds