SVM Asset Management - Investment Trusts - Life Offices Opportunities Trust plc

Investment Trusts > Life Offices Opportunities Trust plc: Quarterly review

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Life Offices Opportunties Trust was launched in 1996 and aims to provide investors with long-term capital growth through a portfolio of with profits traded endowment policies. The Trust focuses on buying policies that have additional profit potential that is attributable to profits generated by the insurer through the returns of their underlying life fund. These additional profits can be generated through a life office re-structuring, de-mutualising or being taken over. The Trust has a wind-up date of 2008.

Stock analysis and commentary

Full details as at 30 June 2008

Latest Fact Sheet (July 2008)

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(Details as at 30 June 2008)

Price

Date

Mid Price

162.50 p

26 Aug 2008

NAV

165.62 p

30 June 2008

Mid prices are as at close the previous business day. The NAV figures are calculated by SVM using BID prices.

Please note that the above mid prices are for information purposes only and are not necessarily the price at which the Trusts can be bought or sold.

The Trust was launched on 18 March 1996.

Annual Report

31 December 2007

Interim Report

The Life Offices Opportunities Trust has won the following award:

AIC Commendation 2008
Best Factsheet

SVM has won the following award:

Lipper Fund Awards 2008
Best Overall Group – Equity Small category

The Life Offices Opportunity Trust has the following rating:

Source & Copyright: CITYWIRE. Colin McLean is AAA rated by Citywire for his 3 year risk adjusted performance for the period 30/06/2005 - 30/06/2008

Colin McLean image

Colin has over 30 years' investment experience and is widely regarded as one of the UK’s top stockpicking analysts. Prior to establishing SVM Asset Management in 1990, he held senior positions with three major financial institutions. He was Head of Investment of two UK life assurers, FS Assurance and Scottish Provident, before being Managing Director of Templeton International’s European operations. His sector responsibilities include UK banks, insurance and mining.

> Meet the rest of the team

Donald Robertson image

Donald is a qualified accountant with in excess of 20 years' investment and financial experience. Prior to co-founding SVM, he worked at Ivory & Sime, one of the largest independent fund management companies. His fund management responsibilities include investment trusts, derivatives/structured products and speciality finance.

> Meet the rest of the team

Chart showing investment performance

	Life Offices Opportunities Trust plc

Time span: Update chart

Source: Lipper, capital return, to 26/08/2008.
Past performance should not be seen as an indication of future performance.

28 August 2007

Life Offices Opportunities Trust Interim Results to 30 June 2007

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% Change	2008	2007	2006	2005	2004
LOOT Share Price	13.3	10.0	26.7	11.6	6.5
LOOT NAV	8.6	15.7	7.9	1.9	-6.5

Source: SVM/Lipper Hindsight, CR - capital return, to last quarter end 30/06/2008. Past performance should not be seen as an indication of future performance. Stockmarkets and currency movements may cause the value of an investment and the income from it to fall as well as rise and investors may not get back the amount originally invested.The company is highly geared in that it has borrowed money, which has been used to make further investments in with-profit policies. In a rising market, this gearing can enhance returns to shareholders. Correspondingly, if the market falls, losses may be greater. Hence, to produce a benefit to shareholders, the level of gearing needs to be carefully judged and monitored. The information in this document does not constitute or contain an offer or invitation for the sale or purchase of any shares in the Fund in any jurisdiction, is not intended to form the basis of any investment decision and does not constitute any recommendation by the Fund, its directors, agents or advisers.

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