Fund Profile

Renaissance US Growth Investment Trust PLC's ("RUSGIT") www.renaissanceusgrowth.co.uk investment objective is to achieve capital growth and outperform its benchmark, the Russell 2000 Index. This will initially be through investing in privately placed convertible debentures issued by smaller US public which RENN Group believes offer the potential for growth.

Russell Cleveland, Renaissance US Growth Trust backs Chinese and US entrepreneurs.

“In spite of recent falls in China’s growth rate, China will remain the fastest growing economy in the World”, said Russell Cleveland, manager of Renaissance US Growth Investment Trust, in answer to investors’ questions about where to go for growth.

“China will not be immune from recessions but the long term growth prospects for companies investing in areas such as infrastructure, education, medical and food and water are considerable, partly because of the sheer scale of the Government’s ambitions.”

To capitalise on these prospects, Russell Cleveland now invests 50% of his portfolio in Chinese companies listed on the US Stock Exchange, concentrating on smaller companies with entrepreneurial management who typically have a significant stake in the company. This is a theme he focuses on for the rest of the portfolio seeking US smaller companies with the ability to adapt to change and taking advantage of infrastructure opportunities in light of Obama’s policies.