Edinburgh chairman splashes out

Scott Dobbie, chairman of Edinburgh Investment Trust, has made a significant addition to his personal holding in the Invesco-managed trust.

Dobbie, who also chairs the Securities & Investment Institute, bought a further 80,000 ordinary shares this week at a cost of £266,400 to take his stake to more than 636,000 shares.

EIT, managed by Neil Woodford, Invesco's star fund manager, has a defensive flavour. Consumer goods (21.4%), utilities (18.6%), healthcare (17.5%) and telecommunications (11.22%) were the main sectors for its money at the end of June. AstraZeneca, GlaxoSmithKline and Vodafone were the top three company holdings.

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