DIY Investor Magazine
/
2015 Issue
24
Secondly, in some markets regulators are prioritising
infrastructure investment over further price-cuts which
has allowed consolidation in the sector, and which we
think is likely to continue. Increasing market share for
the incumbent oligopolies should again reward them
with higher margins and increasing profitability.
European telecommunication company Orange is
a good example of our investment in this regard,
experiencing consolidation in the UK, Spain, and
potentially France.
PERFORMANCE
2013/2014
2012/2013
2011/2012
2010/2011
2009/2010
NAV
7.90%
20.50%
13.10%
-
-
Price
7.00%
19.30%
18.00%
-
-
© idomimgstar 2014. All rights reserves.
Most of the investments in this portfolio are not made in Sterling, so exchange rates could affect the value and
income from your investment
Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability
and the risks involved, you may wish to consult a financial adviser.
The value of an investment and the income from it can fall as well as rise and you may not get back the amount
originally invested.
Nothing in this document is intended to or should be construed as advice. This document is not a recommendation
to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment.
