Investor Views: Why I Prefer Investment Trusts

Private investor John Knight tells Morningstar about his diverse range of investment trust holdings - and how one closed-end fund has served him well for 30 years

Emma Simon 27 April, 2016 | 10:26AM

At 70, John Knight is now retired, but this does not mean he is no longer looking for capital growth from his investments. To do this, Knight holds a range of investment trusts, some of which he invest in through a tax-efficient ISA wrapper.

I like the fact investment trusts have independent boards and the ability to gear

As well as couple of large generalist trusts, such as Witan (WTAN), he also holds far more specialist vehicles such as Venture Capital Trusts and private equity investment trusts.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Baronsmead Venture Trust Ord58.50 GBX0.00
BlackRock Smaller Companies Ord1,146.00 GBX11.26
BlackRock Throgmorton Trust plc458.00 GBX3.15
Electra Private Equity Ord155.00 GBX-1.59
Henderson Smaller Companies Ord712.00 GBX10.56
Octopus AIM VCT Ord76.67 GBX1.55
Pantheon International Ord PLC1,756.00 GBX3.66
Witan Ord161.20 GBX6.47

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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