"To your knowledge (and possibly to the Fullermoney Collective in the hallowed halls of the world) are there any OIECs or Investment Trusts) which can be said to include a high proportion of Autonomies (global)? David, although you've coined a new word which aptly describes how the Autonomies operate, I doubt it will have yet filtered through to the good and great of the Marketing Departments in the City's Investment Houses. However, I would have thought there were some global funds around that unwittingly do so, on the basis that their mandate was to select multinational brands with a decent yield."

David Fuller's view Thanks for a question certain to be of interest to a number of other subscribers.

In answering, I should briefly define Autonomies for newcomers to this site. By Autonomies, I mean the sector-leading multinational companies which often have internationally acclaimed brands. The most successful Autonomies in recent years have developed a strong following among the world's rapidly increasing middleclass consumers. (To read more about Autonomies, including lists and reviews of these companies, use the 'Search' facility shown upper left, fourth item down.)

While there is not a dedicated Autonomies fund, as the email points out, Eoin has previously cited two UK-listed investment trusts which include some Autonomies, among other shares noted particularly for their high yields. These are the sterling-denominated Troy Income and Growth Trust (TIGT LN) (weekly & daily) and the Personal Assets Trust (PNL LN) (weekly & daily, BBG data contains erroneous spike). Here are the Bloomberg Description pages and list of top-10 holdings by capitalization for TIGT (Des & Top-10) and PNL (Des & Top-10).

(See also this earlier email question on an Autonomies fund, posted on 13th April.)