Report for March 2011

Given that the Nikkei Index fell 13% after the Japanese earthquake, this month's outcome is gratifyingly stable.  Our three stocks (BHP Billiton, Tesco and Severn Trent) all fell slightly, but this was offset by a continuing steady rise in our First State China Growth Fund. 

So with the FTSE100 steady at 5932 and our portfolio steady at £20,874, the Unit Value remains close to 134.  Our wide range of funds is helping to keep our portfolio steady.