How We Achieve Our Objective

Alliance Trust has the objective of being a core investment for investors seeking a long term store of increasing value.

We allocate our capital across a broad range of asset classes to enhance and preserve total returns and to provide shareholders with real growth over the medium to long term. We are able to use investment techniques such as gearing and hedging to enhance returns and reduce risks within the portfolio. We do not benchmark against any equity index as we retain the freedom to move not only between equity markets as opportunities arise but also to invest in other asset classes.

We pursue our objective by:

• investing in quoted and unquoted equities across the globe in different sectors and industries;



• investing internationally in preference shares and in debt securities including government and corporate bonds;



• investing in other assets, including property, cash and other financial instruments and investment vehicles;



• retaining the ability to borrow, from time to time, and thereby to gear our portfolio; and



• investing in subsidiary and associated businesses which allows us to expand into other related activities with the objective of enhancing shareholder value.