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Five trusts for the first-time investor

British Empire Securities & General Trust has been named by trustnet.com as one of five trusts for the first-time investor.

 
PRLog - Nov. 29, 2012 - Five trusts for the first-time investor

British Empire Securities & General Trust has been named by trustnet.com as one of five trusts for the first-time investor.

Tom Tuite-Dalton, fund analyst at Oriel Securities, says...

"I think first-time investors should go for global general funds and I like British Empire Securities... over the last six months it is the best NAV performer in the sector."

He goes on to explain...

"It has been out of favour and the discount has been wider than previously, at 13 per cent. The performance is picking up too, over the last six months it is the best NAV performer in the sector."

http://www.british-empire.co.uk/l/five-trusts-for-the-first-time-investor

In other news...

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

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Source:british empire securities
Location:United Kingdom
Industry:stocks and shares
Tags:first-time investor
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