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Investment Manager Monthly Commentary

January 2012

FTSE at a six-month high, UK dividends up 19% in 2011, so big gains for market proxies. Pearson content was displayed by Apple as it unveiled its education initiative – an iPad for every child.
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Daily Data

At Close 22 Feb 2012

Price:349.50p

NAV:347.44p

Prem/-Disc:0.59%

Source: Morningstar

Net Asset Value per ordinary share, including income, fully diluted.

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