We have invested for generations past, and we invest today for future generations. Since 1888, we have been investment pioneers, starting when our founders helped the original farmers on the Old Oregon trail.
Over the decades, our modern vision and attitude to investment has helped us stand the test of time. We have invested during world wars, stock market booms and crashes. Whether it is Shell, which launched in 1907, or Amazon over 85 years later, we have continually kept an eye out for high-quality businesses with real investment potential. All with the idea that however the world around us changes, shaped by the power of time, we will always look forward, to the opportunities that lie ahead.
We have a commitment to real, long-term returns for our shareholders. And we are proud that our investment resilience has seen us deliver a growing dividend every year, for over 50 years.
We are a FTSE 250 company, listed on the London Stock Exchange and headquartered in Dundee. Our ultimate aim is to be a core holding for all generations of investors seeking value over the long term. The portfolio’s target is to outperform the MSCI All Country World Index (ACWI) by 2% per year after costs over rolling three-year periods.
Investment Trusts have existed for over 150 years and are owned by, and run for, their shareholders. An Investment Trust is a type of investment company, listed on the London Stock Exchange, in which investors can buy and sell shares. An Investment Trust aims to generate profit for its shareholders and owns a portfolio of investments selected by its investment manager.
Unlike Unit Trusts and most Open-Ended Investment Companies (OEICs), an Investment Trust has an independent board of directors which makes decisions about its investment manager and monitors its performance.
To find out more about Investment Trusts (also called investment companies), please visit the Association of Investment Companies website where you will also find news and industry research.
*A study by Canaccord Genuity for the Association of Investment Companies (AIC) demonstrated that, on average, investment trusts outperformed open-ended funds in terms of shareholder total returns in 7 out of 10 cases over 5 years, and 9 out of 10 cases over 10 years to 30 June 2017. The margin for outperformance occured in 10 core sub-sectors and was significant in many cases.
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