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Investment trusts: Can Monks turn the corner after years in doldrums?

by Jennifer Hill on Sep 13, 2013 at 09:58

Monks investment trust has had a tough time since the financial crisis, but deputy manager Tom Walsh sees reasons for optimism and focuses on companies with growth potential.

It has not been a smooth run for Monks , the 84-year-old investment trust, managed by Baillie Gifford’s Gerald Smith and Tom Walsh, who was appointed deputy manager at the start of this year.

The trust has underperformed over one, three and five-year periods.

Over five years, its shares have returned 15.5% and its net asset value (NAV) is up 25.5%, compared with a 65.1% rise in the FTSE World index.

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