**STAGING Tools**
Machine:__________02; Visitor from:US

Meet The Manager

A senior investment professional, Job Curtis has managed The City of London Investment Trust since 1991.

Job Curtis

He joined Touche Remnant in 1987, subsequently acquired by Henderson Global Investors, and has been head of Henderson's Value & Income investment team since 2003. Job is renowned for his highly successful, conservative investment approach, based on intensive analysis of the fundamentals of each stock, and strict control of risk. 

 

 

Fund Manager's Commentary - December 2011

The UK equity market delivered a total return of 0.8%, as measured by the FTSE All Share Index, in December 2011. Market sentiment was dominated by international factors with a lot of attention on the eurozone sovereign debt crisis. Positive economic data from the US helped to rally equities towards the end of the month.

Overall, the fund was helped by the outperformance of defensive sectors such as pharmaceuticals, tobacco and mobile telecoms. On the other hand, cyclical sectors where the fund is underweight, such as mining and banks, underperformed. A new holding was purchased in Balfour Beatty, the international engineering and construction group with significant exposure to transport, energy and infrastructure projects. The stock appeared to be attractively valued given the strength of its order book.  
 

Fill in this form to ask your question...
  1.  
     
  2.  
     
  3.  
     
  4.  
     

  1. Data protection notice

  2. Any information you provide will be used to enable us to provide the service for which you have applied, and will only be given to other companies in the Henderson Group or their agents. The data controller is Henderson Global Investors.

    We would like to contact you for market research purposes and to provide you with information on Henderson Global Investors products and services from time to time. If you do not wish to receive such information, please tick the box.

  4. You may obtain a copy of the personal data we hold on you and require us to correct your personal data. You may also request to be removed from our mailing list by writing to us.

 

View the accounts

Click here to download the latest Report and Accounts

More
 
Monthly Factsheets

Download the latest factsheet for The City of London Investment Trust plc.

More
 
Apply & Invest

Open an account with our partner Halifax Share Dealing.

More
 
 

 

 

 

The value of your investments and the income from them can go down as well as up. You may not get back the full amount you have invested.

Issued in the UK by Henderson Global Investors. Henderson Global Investors is the name under which Henderson Global Investors Limited (reg. no. 906355), Henderson Fund Management Limited (reg. no. 2607112), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Investment Management Limited (reg. no. 1795354), Henderson Alternative Investment Advisor Limited (reg. no. 962757), Henderson Equity Partners Limited (reg. no.2606646), (each incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE), Gartmore Investment Limited (reg. no. 1508030), Gartmore Fund Managers Limited (reg. no. 1137353), (each incorporated and registered in England and Wales with registered office 201 Bishopsgate, London EC2M 3AE) are authorised and regulated by the Financial Services Authority to provide investment products and services. Telephone calls may be recorded and monitored.

© 2012, Henderson Global Investors Limited.