Capital Gearing Trust P.l.c. is an investment trust. The Company�s investment objective is to achieve capital growth in absolute terms principally through investment in closed ended and other collective investment vehicles, invested in equities or property, and which has a willingness to hold cash, bonds, index linked securities and commodities when appropriate. The Company will not invest more than 15% of its investment portfolio in any single investment or acquisition. The proportion of the Company�s gross assets that can be held in other United Kingdom-listed investment companies, which do not have a stated investment policy to invest no more than 15% of their gross assets in other United Kingdom investment companies, is 10%. CG Asset Management Limited is the Investment Manager of the Company.