Why investment trusts? Because they have a record of beating unit trusts, and tend to be cheaper; and because their closed structure means they can more easily make long-term value investments.
We’ve also called in a few experts – Simon Elliott from Winterflood, Alan Brierley from Canaccord Genuity, and the team from Rossie House, an Edinburgh-based private client manager (where, for the sake of transparency, we should tell you Merryn's husband works). They’ve all offered five suggestions for our portfolio, and Merryn's picked the ones she thinks work best for us. They are in the table below.
Portfolio last updated December 2017
|Investment trust||Ticker||One-year total return||Five-year total return||Dividend yield||Premium/ discount|
|Caledonia Investments||LSE: CLDN||13.6%||109.2%||2%||-19%|
|Personal Assets||LSE: PNL||8.3%||26.4%||1.4%||1.4%|
|Scottish Mortgage||LSE: SMT||43.2%||214.3%||0.69%||0.54%|
|RIT Capital||LSE: RCP||12.1%||86.7%||1.6%||7.6%|
|Law Debenture Corporation||LSE: LWDB||21.0%||73.1%||2.8%||-8.5%|
|Temple Bar||LSE: TMPL||13.0%||51.3%||3.2%||-3.9%|
Our panel of experts analyses MoneyWeek’s investment trust portfolio and debates future opportunities for investors, as Merryn Somerset Webb explains.
Merryn Somerset Webb gives an update on the progress of the MoneyWeek portfolio of investment trusts, and makes one change.
When we introduced the MoneyWeek investment trust portfolio, we wanted stability, defensiveness, some exposure to growth, and some income. And we wanted not to have to change its composition very often. So how is it doing? Just fine.
Merryn Somerset Webb looks at how the MoneyWeek investment trust portfolio is getting along.
The MoneyWeek investment trust portfolio has done well by being left alone, says Merryn Somerset Webb. But now it’s time to add one more trust.