Over the six months to the end of November 2013 the UK equity share portfolio’s net asset value rose by 8.9% vs. 3.9% for the FTSE All-Share index (this portfolio is managed by Mark Barnett). The Global Equity Income portfolio NAV rose by 4.6% vs. 3.3% for the MSCI World Index. The Balanced Risk portfolio NAV rose by 0.4% vs. 2.8% for 3 month LIBOR +5% and the Managed Liquidity Share portfolio’s NAV was unchanged.