What Stocks Are in Your Investment Trust?

A new tool on Morningstar.co.uk allows investors to shine a spotlight on investment trusts - and see exactly what's under the hood

Szymon Idzikowski 5 September, 2013 | 12:52AM
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The launch of our new ‘Full Holdings’ option on the Portfolio tab for investment trusts means investors can now do a more in-depth due diligence and consistently compare funds based on their portfolio analytics run on full holding portfolios.

Detailed fund breakdowns have been much more easily available in the open-end fund world and it’s easy to get access to regular and complete information; whereas the lack of any formal requirement for investment trusts to release full portfolio holdings to their shareholders means they have historically lacked the same level of transparency. Morningstar has been always a strong advocate of holdings disclosure to allow investors to understand and monitor the risks to which they are exposed, and thus to make better and more informed investment decisions.

Ahead of launching our Investment Trusts Analyst Ratings in January 2012, we set about trying to improve transparency among investment trusts. In May 2012 we published a thorough transparency paper explaining why we believe transparency matters and we updated this study a year later to show the progress made by the industry. Now, in mid-2013, our holdings database has grown from almost zero to full coverage of some two-thirds of ‘plain vanilla funds’ (we exclude sectors such as litigations, insurance & reinsurance strategies, hedge funds and VCTs, where typical portfolio analytics would be less meaningful and data is much harder to come by).

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
European Opportunities Trust840.00 GBX-0.71Rating

About Author

Szymon Idzikowski

Szymon Idzikowski  is a closed-end fund analyst with Morningstar.

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