In focus
A chasm has opened in the IT UK All Companies
sector between trusts with a domestic focus and
those with more international exposure. Whether
this opens or closes continues to rest on Brexit
negotiations, writes Cherry Reynard
The great divide
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[ SECTOR PROFILE ]
The election result has
given a major short-term
lift to IT UK All Companies
trusts, which are up an
average of 11.9 per cent over
the past three months
T
he December election
appears to have prompted
a change of heart towards
UK companies. Whether
this new enthusiasm is attributable to
a Boris bounce or a Corbyn collapse,
investors have been happy with the
result and shown greater willingness
to embrace UK assets. But as the real
business of Brexit begins, can this
strength continue?
The election result has given a major
short-term lift to IT UK All Companies
trusts, which are up an average of 11.9
per cent over the past three months.
No mainstream closed-ended sector
has returned more.
Beneath the surface, however, gains
have not been evenly distributed.
Simon Elliott, head of the research
TRUSTNET
trustnet.com