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Last updated:
04:38 - 16/08/22

The last financial year was a frustrating one for diversified UK equity income trust as poorly-performing smaller company shares and insurance policy to protect the portfolio from market falls pushed it into a small loss.
Allianz Technology fund manager Walter Price is bowing out at a difficult time for high-growth investors but strong rebound in trust’s shares since 30 June underlines veteran investor’s enthusiasm for the long-term potential of tech stocks.
The FTSE 100 manages to eke out gains, despite worrying UK wage data, as a strong profit announcement from BHP overshadows concerns about a Chinese slowdown.

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