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Elite Charteris Premium Growth Fund powers ahead under new manager

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The Elite Charteris Premium Growth Fund has experienced significantly superior performance in the six months since it was taken over by Charteris T

The Elite Charteris Premium Growth Fund has experienced significantly superior performance in the six months since it was taken over by Charteris Treasury Portfolio Managers Ltd by utilising a selective approach to writing covered call options.

Since taking the helm on 1 November 2008, new manager Ian Williams (Charteris CEO and Chairman), has outperformed the FTSE 100 Index by 12.54 per cent, and over the 2009 calendar year to date by 10.54 per cent.

“We are delighted with this significant turn around in performance, especially given the difficulties of current market conditions,” says Williams. “Long-term research shows that the companies that can deliver above-average share price returns over the medium-to-long term have one overriding characteristic: the ability to sustain above-average earnings growth.

“Identifying these exceptional companies and buying them inexpensively relative to their true value is central to our detailed and disciplined stock screening process,” he adds. “In order to enhance these returns and reduce volatility for unit holders we write covered call options on some of our long positions when we feel the timing is right. This flexible approach using our own in-house research and instinct has proven very beneficial over the last six months,” he added.

The trust pays 3% initial commission to IFAs from the 5% Initial Charge and 50bps from the 1.5% Annual Management Charge.

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