The investment objective of the Alkerton Trust is to achieve a combination of income and long term capital growth. The portfolio will invest throughout the world and may include investments in ordinary shares, preference shares, convertibles, fixed interest securities, collective investment schemes, cash and money market instruments. The investment manager may at times choose to hold a high degree of fixed interest securities if it is believed that worldwide stock market conditions are not appropriate for longer term investments. The Trust will not invest in derivatives and forward transactions for purposes other than hedging/EPM unless the Manager has given unit holders not less than 60 days' notice that the Trust intends to invest in derivatives and forward transactions for investment purposes. Should the Manager decide to invest in derivatives and forward transactions for investment purposes, the net asset value of the Trust may at times be highly volatile.
Smith & Williamson Inv Mgmt Ltd
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25 Moorgate, London, EC2R 6AY, UK