and call themselves wealth-protection trusts. They both aim to protect and grow shareholders’ capital – in that order. However, last year was a painful one for investors in both, with Personal Assets returning 0.7%, or 3% on a net asset value (NAV) basis and Capital Gearing returning -3.3%, or 1.3% on a NAV basis. Both trusts suffered from a decline in investors’ confidence, which led
Stick with these safe trusts in 2024
Jan 26, 2024
2 minutes
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