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Japan sprints to the finish in the investment Olympics

10 August 2004
To keep up with the Olympians in Athens, the Association of Investment Trust Companies (AITC) has been inspecting the investment trusts who themselves deserve medals.

Looking at the performance of all conventional AITC Member investment trusts to see which trusts achieved consistently good returns over ten years, it found that the gold should go to Fidelity European Values Investment Trust (Sector: Europe).

It has achieved consistently good returns relative to the sector over the past ten years, with a £1,000 investment into Fidelity European Values investment trust increasing over ten years to £4,116.

Silver went to Aberforth Smaller Companies Investment Trust (Sector: UK Smaller Companies) and bronze to Candover Investment Trust (Sector: Private Equity).

In the "sprint", Japan achieved a hat trick of wins. This event was judged over one year and awarded the following Japanese investment trusts with the three medals: INVESCO Japan Discovery, Fidelity Japanese Values and Baillie Gifford Shin Nippon.

Lowland was recognised for its marathon efforts over the past 26 years. The UK excelled at this event taking gold and bronze (Albany) medals.

"With performance trends often shifting, these results illustrate that it is important that investors have a balanced portfolio," says Annabel Brodie-Smith, communications director AITC.

"The Japanese investment trust sectors have dominated the best performances over one year - the sprint - taking all the medals. Over five years - the middle distance - Russia and Eastern Europe have triumphed over the UK. However, in the marathon over the last 26 years the UK sectors have excelled."

She concluded by saying: "However, past performance alone should not dictate investment decisions as investors need to take into account a whole range of criteria, including the trust's objectives, major holdings, asset allocation, gearing, discounts and charges."
DeHavilland Information Services plc