Investors who bought the Avarae Investment Trust haven't exactly made a mint but they have beaten the FTSE by around 10 percentage points over the past year – a return not to be sniffed at in these troubled times.
The trust has returned 4pc over the past year, compared with the index's loss of 5pc. The relatively small – £7.5m – Aim-listed fund has done well over a three-year view as well, returning 40pc compared with the FTSE 100's growth of 26pc.
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