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Are share price falls of almost 20pc enough to disqualify a fund from being a wealth preserver ?

In a turbulent few years for shares and other assets, it’s not surprising that many private investors have sought refuge in funds whose purpose is specifically to preserve wealth.

Personal Assets Trust cuts stock market exposure to lowest level since 2008

The capital preservation trust told investors this week that it now allocates just a quarter of its portfolio in equities, marking a new post-Global Financial Crisis low.

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