Top Investment Trusts of Q1

The first quarter of the year saw a rally in unloved stocks, helping value trusts to the top of the table. But which investment trusts lagged in the first quarter of the year? 

Holly Black 6 April, 2021 | 12:36AM
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Contrarian investment trusts thrived in the first three months of the year as unloved stocks enjoyed a long-awaited bounceback. The top performing investment trusts list for the first quarter of 2021 is dominated by value-focused trusts, which focus on out-of-favour companies that the managers believe are underrated by the market. To make it on to our list of leaders and laggards, the investment trust needs to have a Morningstar Analyst Rating of Negative and Above.

Top Performing Investments Trusts of Q1

With the outlook for UK dividends starting to seem more positive, Temple Bar (TMPL) investment trust was top of the leaderboard in Q1. Residing in the UK Equity Income sector, the trust focuses on British dividend-paying stocks, many of which were hit hard in 2020’s volatility, when many firms cut their payouts. With the UK lockdown now starting to ease, however, many of these businesses have reinstated their payouts to shareholders. Among the trust’s top holdings are Royal Mail (RMG) and oil giants Royal Dutch Shell (RDSB) and BP (BP.).

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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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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

 

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