Shareholders in investment trust Lowland have seen the value of their holdings rise strongly in the past year on the back of a more buoyant UK stock market.
Yet the managers believe there is more to come if the recovery in equity prices extends to the domestically focused companies that feature prominently in its portfolio.
Laura Foll, joint manager of the £350million fund alongside James Henderson, says the trust’s recent performance – a 26 per cent return over the past year – has been driven primarily by some of the holdings it has in FTSE 100 listed companies.
For example, the likes of Aviva (up 31 per cent) and Barclays (up 58 per cent). Stocks that are part of the FTSE100 Index account for more than 40…
