Investment Trusts: 20 Years of Success

The investment trust sector is one that is well-suited to innovation and change; 100 year old trusts still offering impressive returns prove you can teach old dogs new tricks

Jackie Beard, FCSI 3 February, 2015 | 2:02PM

Back in 1995 the investment trust sector contained 17 funds that were already centenarians and a further 100 funds that were more than 50 years old. Many of their names were eccentric and gave little clue as to their investment remit. They invested primarily in listed equities and little else.

Roll forward to 2015 and there are pockets of the investment trust sector that are little different today. We still see funds with eccentric names, equities still make up the bulk of investments, and a fair proportion of investment trusts that existed then still exist today. In fact, all 17 funds that were centenarians in 1995 are still very much alive and kicking.

There is also consistency among the funds’ managers themselves, with some boasting tenures at these funds that are extremely rare to see anywhere in the industry.

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About Author

Jackie Beard, FCSI

Jackie Beard, FCSI  is Director of Manager Research Services, Morningstar EMEA

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