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Alliance wary on euro crisis
ALLIANCE Trust yesterday posted a net asset value total return of 8.1 per cent for the first quarter of 2012.
Katherine Garrett-Cox’s firm said it was a net buyer of British stocks and it reduced its exposure to the US “after a good run”. There were no major changes in regional allocation, it added.
Alliance said it was wary of the “potential knock-on effects” of a renewed financial crisis in Europe.
Last month the trust fought off a shareholder resolution from Laxey Partners asking it to consider outsourcing the management of assets.