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East European Trust
Q:
I have been a subscriber to What Investment for many a year and find it invaluable. I just have one small problem at the moment.
In the investment trust performance tables, ‘The East Euro Trust’ is listed under European Emerging Markets and has rather a good five-year and three-year performance.
I would like to find out more about it but I cannot seem to find it anywhere, although I have searched in many listings on the internet, for example Hargreaves Lansdown and Trustnet.
Could you let me know the exact name of the trust, who manages it and any other relevant information.
Roger Sutcliffe
Via email
A:
The trust that Mr Sutcliffe refers to is The Eastern European Trust, and it is managed by the Geneva-based firm Pictet. Full details on the trust, its investment objectives and processes, as well as monthly newsletters by the trust’s manager, can be found at www.teetplc.com.
Pictet itself is achieving a higher profile in this country at the moment, largely due to the success of its sector funds, such as the Pictet Water Fund, which has recently had to close to new investors.
It is in the process of launching the new Pictet Clean Energy Fund, which should provide an interesting opportunity for investors who believe that this is a fast-developing and worthwhile longer-term area in which to seek returns.
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Suspended animation
22 August 2008 [0 comments]Q:
I currently hold shares in an AIM-listed company and was about to sell these to realise losses (to offset against gains elsewhere), but the shares have since been suspended and I think the company is now in administration.
The current value based on the suspended price is around £1,400, and the realised losses based on that value would be around £12,000.
The losses are more valuable to me at the moment than the actual value of the shares themselves, and I need those available by the end of this tax year. I assume it’s not possible to roll gains forward?
Is there any way that I can now realise these losses given that I cannot sell the shares? I am wondering if gifting them might be a way of releasing the losses? I’m thinking perhaps either to my brother (but am not sure what tax implications this might have for him) or to charity (and whether I could then claim tax relief on the value gifted)?
Is any of this possible, or are there any better alternative routes? Any advice would be very much appreciated.
Mrs K Hall
Kent
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