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Article: City of London is too 'index-like'.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Moira O'Neill
FUND TIP: City of London investment trust has a strong reputation for dividends, but you may be able to get better performance elsewhere
Stockbroker Charles Stanley thinks there is a strong case for investors to sell City of London investment trust (CTY). The stockbroker considered matters such as the trust's valuation, potential for a sustained or growing dividend, likelihood of future outperformance of the trust's benchmark and its own opinion on the quality of the trust's manager, management house and investment process.
The City of London Investment Trust plc invests in the UK for long-term growth in income and ...