Overview
RIT Capital Partners is the investment vehicle for the family interests of Jacob Rothschild. It aims to deliver long-term capital growth, while preserving shareholders’ capital; investing without the constraints of a formal benchmark, but delivering for shareholders increases in capital value in excess of the relevant indices over time.
RIT Capital Partners does this by investing in a widely diversified, international portfolio across a range of asset classes, both quoted and unquoted; allocating part of the portfolio to exceptional managers in order to ensure access to the best external talent available (by investing in funds managed by them)
You can access the manager’s website here
Fundamentals
Price
Research History
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19 Jun 2024 18 min read
RIT Capital Partners – Change in fortunes could be on the horizon
Change in fortunes could be on the horizon It is possible that RIT Capital Partners’ (RIT’s) private investments portfolio, which for the past two years has dragged on the trust’s NAV returns, could be the spark for a change in its fortunes over the next 12 months. Several holdings are considering IPOs. History suggests that […]
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18 min read
RIT Capital Partners – Change in fortunes on the horizon
Change in fortunes on the horizon RIT Capital Partners’ (RIT’s) private (unquoted) investments portfolio, which for the past two years has dragged on the trust’s net asset value (NAV) returns, could be the spark for a change in its fortunes over the next 12 months. Several holdings are considering initial public offerings (IPOs) that could […]
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18 min read
RIT Capital Partners – Change in fortunes on the horizon
Change in fortunes on the horizon RIT Capital Partners’s (RIT’s) private investments portfolio, which for the past two years has dragged on the trust’s NAV returns, could be the spark for a change in its fortunes over the next 12 months. Several holdings are considering IPOs that could present healthy premiums to the typically conservative […]
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06 Apr 2023 46 min read
RIT Capital Partners – A rare opportunity to buy a unique trust?
RIT Capital Partners Investment companies | Initiation | 6 April 2023 A rare opportunity to buy a unique trust? Last year was a turbulent one for markets and, unusually, there were few places to hide, with nearly all asset classes recording large declines. RIT’s NAV also fell in 2022. Its managers comment that this appears […]
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45 min read
RIT Capital Partners – A rare opportunity to buy a unique trust
RIT Capital Partners Investment companies | Initiation | 6 April 2023 A rare opportunity to buy a unique trust Last year was a turbulent one for markets and, unusually, there were few places for investors to hide, with nearly all asset classes recording large declines. RIT’s net asset value (NAV) also fell in 2022, and […]
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45 min read
RIT Capital Partners – A rare opportunity to buy a unique trust
RIT Capital Partners Investment companies | Initiation | 6 April 2023 A rare opportunity to buy a unique trust Last year was a turbulent one for markets and, unusually, there were few places to hide, with nearly all asset classes recording large declines. RIT’s NAV also fell in 2022 and this appears to have unnerved […]
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09 Mar 2023 64 min read
QuotedData’s Economic and Political Monthly Roundup March 2023
Economic and Political Monthly Roundup Investment companies | Monthly | March 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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10 Sep 2020 5 min read
QuotedData’s Economic Roundup – September 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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08 May 2019 3 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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25 Jan 2019 1 min read
QuotedData review of 2018 – Annual report investment companies
QuotedData review of 2018 – Annual report investment companies 2018 – the return of volatility A trade war, Brexit, US interest rate rises, slowing Chinese growth, a US government shutdown, a dispute over Italy’s budget, the Skripal poisonings, numerous elections – there was plenty to worry about in 2018. A last-minute dive left the US […]
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14 Sep 2018 2 min read
QuotedData’s Economic round up – September 2018
QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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25 Apr 2018 1 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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13 Mar 2018 1 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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05 Feb 2018 1 min read
RIT Capital Partners – Healthy absolute return with less risk
RIT Capital Partners – Healthy absolute return with less risk RIT Capital Partners (RIT) has established a strong track record over many decades. Over the last five years, its share price total return has almost doubled and it has returned to trading at a premium. RITs investment style emphasises long-term thinking and the avoidance of permanent […]
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1 min read
RIT Capital Partners – Healthy absolute return with less risk
RIT Capital Partners – Healthy absolute return with less risk RIT Capital Partners (RIT) has established a strong track record over many decades. Over the last five years, its share price total return has almost doubled and it has returned to trading at a premium. RITs investment style emphasises long-term thinking and the avoidance of […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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15 Mar 2017 1 min read
QuotedData’s round up of views on the global economy – March 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
News
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16 Dec 2024 1 min read
QuotedData’s morning briefing 16 December 2024 – RCP, NESF, MUT
In QuotedData’s morning briefing 16 December 2024: Caroline Chan, a non-executive director of NextEnergy Solar Fund (NESF), has made her first purchase of NESF shares. She has acquired 39,000 shares at 66.4p per share for a total investment of £25,986. Helena Coles, a director of RIT Capital Partners (RCP), has made her first purchase of […]
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18 Oct 2024 1 min read
QuotedData’s weekly news show 18th October 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: AVI Japan Opportunity (0:15) Gore Street Energy Storage (2:55) Cost disclosure – RIT Capital (5:57) This week’s interview was with Katie Potts from Herald Investment Trust – watch it again here
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5 min read
Investment company cost disclosures – job done(?)
The long campaign on cost disclosure The past month has brought a flurry of activity over the cost disclosure rules under MiFID and their impact on investment trusts. Bill MacLeod, managing director at Gravis, and one of the key players in the team that has lobbied for the proper treatment of investment trust costs, is, […]
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09 Oct 2024 2 min read
QuotedData’s morning briefing 9 October 2024 – RCP, CRS, LABS, HMSO, SERE
In QuotedData’s morning briefing 9 October 2024: RIT Capital Partners (RCP) has a new independent non-executive director and member of the Audit and Risk Committee, Helena Coles. Helena has extensive international experience and spent most of her career as a portfolio manager. She also brings valuable perspectives from asset owners and a UK regulator. She […]
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30 Aug 2024 3 min read
It’s a wonderful (Vanguard) Life
The Vanguard LifeStrategy Funds are a cornerstone in the retail and financial advisory sectors. Collectively, these funds offer five passive investment strategies that blend global equity and global bond index funds in varying proportions. The allocations range from 100% equity exposure to 20% equity and 80% bonds, with each fund adjusting its weighting in 20% […]
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01 Aug 2024 2 min read
QuotedData’s morning briefing 1 August 2024 – IIP, HEIT, RICA, CAL, RESI, PSDL, RCP
In QuotedData’s morning briefing 1 August 2024: Infrastructure India’s (IIP) nominated adviser has resigned. It doesn’t think that it can appoint a replacement. AIM Rule 1 provides it with one month to appoint a replacement nominated adviser. If no replacement nominated adviser is appointed within that timeframe, the admission of the company’s AIM securities will […]
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17 May 2024 3 min read
QD view – Family fortunes
It is not a bad rule of thumb to invest in a similar way to people who already have a lot of money. Therefore, the logic of investing alongside in one of the investment trusts where a wealthy family has a large shareholding seems inescapable. But investors need to ensure their interests are looked after […]
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05 Mar 2024 3 min read
RIT Capital looks to reduce private investments exposure as prospect of realisations improves
RIT Capital says that its NAV total return for the year ended 31 December 2023 was 3.2%. There was quite a big dispersion of returns by asset class within the portfolio. The trust’s quoted equities delivered strong performance, returning +18.1% for the year. Uncorrelated strategies produced solid returns, led by credit positions returning double digits. […]
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26 Feb 2024 1 min read
Financier, Lord Jacob Rothschild, founder of RIT Capital Partners, passes away aged 87
We at QuotedData express our condolences to the family, friends and colleagues of Lord Jacob Rothschild, whose passing has just been announced by his family. The family has said “Our father Jacob was a towering presence in many people’s lives, a superbly accomplished financier, a champion of the arts and culture, a devoted public servant, […]
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07 Feb 2024 1 min read
RIT Capital Partners provides a year end update
RIT Capital Partners has announced an annual update for the year ended 31 December 2023. The company’s NAV was up 3.2% over the 12 month period and the company expects to provide full details of the year’s performance when the annual report is released in March. Commenting on the performance, the manager noted that the […]
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05 Jan 2024 1 min read
Maggie Fanari becomes CEO of J Rothschild Capital Management
RIT Capital Partners (RCP) has announced that, after an extensive international search, Maggie Fanari will take up the role of CEO of its investment manager, J Rothschild Capital Management Limited, (JRCM) in March 2024. Maggie has long experience of leading successful teams investing across asset classes and geographies in one of the largest and most […]
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25 Aug 2023 4 min read
QD view – What if the tide goes out further?
Reflecting the challenging macroeconomic backdrop, the last six months have been an uncertain period in markets. Key amongst investors’ concerns has, at least until recently, been stubbornly high inflation in most developed markets, particularly in Europe and the UK specifically. This had refused to roll over despite energy prices – a key factor a behind […]
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01 Aug 2023 2 min read
Tech underweight weighs on returns for RIT Capital Partners
RIT Capital Partners (RCP) announced its results for the half year ended 30 June 2023. NAV total return for the period was -0.2% while shares fell 4% over the same period and now trade at a discount of 21%. This compares to the MSCI ACWI which was up 11.0% and CPI plus 3% at 5.5%. […]
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05 May 2023 4 min read
QD view – Spreading your bets – asset allocating for uncertain times
For the second time in five years, investors are finding themselves in the grips of a global bear market that has punished most asset classes. The reasons underpinning the latest bout of selling have been well covered by market commentators, with QuotedData being no exception. Alongside this, many column inches have also been devoted to […]
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19 Apr 2023 1 min read
RIT Capital NAV made positive progress in Q1 2023
RIT Capital has published some commentary on its NAV move over the first quarter of 2023. The NAV total return over the period was 0.7%, as the trust gave back some ground over March. The manager notes that it has been a turbulent few months. As we highlighted in our recent note, the trust has […]
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14 Mar 2023 2 min read
More SVB updates – fortunately not too serious
A number of funds made comments on the fallout from the collapse of Silicon Valley Bank and Signature – as far as we can tell, there is nothing earth-shattering here. HarbourVest may be worrst-affected. Although as the managers of Polar Capital Global Financials Trust suggest, this episode may not be quite over yet. NB Private […]
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14 Oct 2022 4 min read
QD view – navigating troubled waters
When I started writing this article, it was being widely reported that the chancellor, Kwasi Kwarteng, had been forced to cut short his visit to the US and was returning to London to face urgent talks with the prime minister and Conservative MPs. Before I had finished it, he was out of a job, with […]
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01 Mar 2022 2 min read
RIT Capital discount widens despite great 2021
RIT Capital Partners says that its NAV ended 2021 at 2,794 pence, representing a total return for the year (including dividends) of 23.6%. At the same time its share price closed at 2,750 pence, providing a total return to shareholders of 35.1% – the strongest shareholder return the company has delivered over the past 20 […]
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02 Aug 2021 2 min read
RIT Capital Partners enjoys new all-time high NAV numbers
RIT Capital Partners enjoys new all-time high NAV numbers – RIT Capital Partners (RCP) has published its results for the half-year to 30 June 2021. During this time, the company enjoyed a 19.1% uplift in NAV, resulting in a new all-time high NAV per share of 2,711 pence. Meanwhile, the share price increased by 18.5% […]
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07 May 2021 3 min read
QD view – how the top 10 trusts have changed
I was playing with the QuotedData data pages this week – looking at factors such as widest discounts and highest yields – then I alighted on the 10-largest funds by market cap and I have to admit that some names on that list were a surprise to me. Fortunately, I had some old data from […]
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02 Mar 2021 1 min read
RIT Capital shrugs off effects of virus
RIT Capital shrugs off effects of virus – RIT Capital Partners results for the year ended 31 December 2020 show an NAV total return of 16.4% for the year, which compares to 12.7% for the MSCI All Countries World Index and 4.2% for the company’s performance objective of inflation (as measured by the RPI) plus 3% […]
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04 Aug 2020 2 min read
QuotedData’s morning briefing 4 August 2020
In QuotedData’s morning briefing 4 August 2020, as BP cuts its dividend for the first time in a decade: BMO Commercial Property is to reintroduce a monthly dividend from this month at 0.25p per share (half the previous rate). The NAV return for the three months ended 30 June 2020 was -2.9%. The retail and leisure […]
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03 Mar 2020 1 min read
RIT Capital had a decent 2019
RIT Capital Partners finished 2019 with an NAV of 2004p, it generated a return ob NAV of 12% over 2019 and a return to shareholders of 12.5%. Dividends totalled 34p and the board says they will be at least 35p in 2020. The chairman said “Despite a muted outlook for global growth and earnings, 2019 […]
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05 Aug 2019 2 min read
RIT Capital assets hit high as Rothschild bows out
RIT Capital assets hit high as Rothschild bows out – over the first six months of 2019, RIT Capital Partners delivered a total return on NAV of 8.5%. Net assets surpassed £3bn and the company’s share price rose by 10.1%. A second interim dividend of 17p has been declared, bringing the total to 34p, 3% […]
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25 Apr 2019 2 min read
Lord Rothschild to be President of RIT Capital
Lord Rothschild to be President of RIT Capital – RIT Capital Partners announced at its AGM, that following several years of succession planning, Lord Rothschild will step down as chairman and a director on 30 September 2019, and will take up the role of president. His replacement as chairman is Sir James Leigh-Pemberton. Sir James […]
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05 Mar 2019 2 min read
RIT Capital Partners outperforms equity markets in 2018 results
RIT Capital Partners outperforms equity markets in 2018 results – RIT Capital Partners has released its results for the 2018 year. In summary, the NAV per share returned 0.8% in total return terms, which outperformed equity markets. Their investments beat RIT’s equity index benchmark (the MSCI All Country World Index in sterling and local currencies) by […]
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27 Feb 2018 2 min read
RIT Capital Partners net assets achieve all time high
RIT Capital Partners (RCP) has announced its annual results for the year ended 31 December 2017. During the year, RCP saw growth in its net assets of £216m, taking its total net assets to an all-time high of £2.9bn and, during the course of the year, the company’s market capitalisation exceeded £3bn for the first […]
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27 Dec 2017 1 min read
Strategic Equity Capital manager changes hands
Strategic Equity Capital manager changes hands – The senior management of London-based specialist fund manager GVQ Investment Management Limited (“GVQ”) have entered into an agreement to acquire 100% of GVQ from RIT Capital Partners plc (“RIT”), subject to regulatory approval. GVQ currently manages GBP700 million of assets through two Irish listed open-ended funds, the GVQ UK […]
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03 May 2017 2 min read
14th consecutive year of outperformance for BlackRock Smaller
For fourteen consecutive years BlackRock Smaller Companies has outperformed its benchmark and increased its dividend. Over that period, the NAV has grown nearly ten-fold whereas the benchmark has almost quadrupled. The compound annual increase in dividends paid over the past five years has been 20% per annum. During the year to 28 February 2017, the NAV increased […]
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28 Feb 2017 2 min read
RIT Capital ups exposure to absolute return and credit
RIT Capital Partners says its net asset value per share increased to 1,730 pence during 2016, representing a return of 12.1%. Its shares traded at a premium which averaged 4.6% during the course of the year and total shareholder returns amounted to 14.2%. The dividend was edged up to 31p from 30p. They intend to pay a […]
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06 Feb 2017 1 min read
14 investment trusts for income and growth in 2017
Investors looking forward to a period of calm in 2017 might be disappointed, but David Prosser has the trusts experts are backing to navigate further storms. Having just been through a year of unprecedented political upheaval that sent financial markets spinning, many investors will be assuming 2017 cannot possibly be so tumultuous. The reality, however, […]
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15 Aug 2016 1 min read
RIT Capital ups focus on gold, credit and absolute returns
Over the six months to the end of June 2016, RIT Capital Partners returned 3.6% in NAV terms. A reduction in the premium from 6.9% to 2.0% meant that the share price return was negative, -1.2%. RPI+3% per annum worked out as 2.5% for the period and the return on the MSCI AC World Index […]
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31 May 2016 2 min read
RIT Capital Partners says Alliance Trust approach “very preliminary”
Alliance Trust has made an announcement in response to the press speculation over the weekend. They say, as communicated to shareholders in October of last year and more recently at the time of the publication of the annual results in March this year, a number of significant changes to Alliance Trust have been implemented in […]
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01 Mar 2016 2 min read
RIT Capital outperforms the world index
RIT Capital results for 2015 show a share price total return of 22.7% (as they moved from a discount of 5.8% to a premium of 6.9%) and a net asset value per share return of 8.1%. This compares well to the return on RPI plus 3% which was 4.2% for the year and the return on the […]
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11 Aug 2015 1 min read
RIT Capital issues long-term debt
RIT Capital Partners delivered a 6.4% return on net assets for the first half of 2015 and an 11.8% return to shareholders, both of which compare well to the 2% return on RPI+3% per annum and 3% return on the MSCI AC World Index. The dividends for the first half totalled 30p, 2% higher than […]
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14 May 2015 1 min read
RIT Capital issues fixed rate debt
RIT Capital Partners is borrowing £151m in three tranches of fixed rate debt with maturities in 10, 15 and 20 years time. They will be unsecured and pay fixed interest semi-annually at annualised coupons of between 3.00% and 3.56%, with a weighted average of 3.45%. The Notes were priced on 22 April 2015 and the funding […]
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27 Feb 2015 1 min read
RIT Capital Partners stresses defensive nature of portfolio
RIT Capital Partners results for 2014 show the company generating a return on net assets of 9.5% and a return to shareholders of 13.3% as the discount narrowed from 9% to 5.8%. They are keen to stress that the performance has been achieved with a relatively low average exposure to equities of 56% over the year. The […]
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19 Dec 2014 1 min read
RIT Capital tie up with Strategic Equity Capital
RIT Capital has announced that it is buying GVO Investment Management (GVOIM), the investment manager for Strategic Equity Capital (SEC) and is also taking a stake in that fund. The announcement says GVOIM will continue to operate as a separate legal entity with the same autonomous management team, structure and investment process. Stuart Widdowson and […]
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15 Aug 2014 1 min read
RIT Capital struggling to find attractive investments
RCP : RIT Capital struggling to find attractive investments RIT Capital Partners has published its interim figures covering the first half of 2014. The net asset value total return was 2.4% for the period. This compares to a 4.1% return on the MSCI All Countries World Index and a 2.6% return on a benchmark of […]
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06 Mar 2014 1 min read
RIT Capital Partners : RCP – annual results
Over the year ended 31 December 2013 RIT Capital Partners generated a total return on net assets of 18.6%. Its discount widened a little and so the return to shareholders was 14.0%. By contrast the return on the MSCI All Country World Index (after some fiddling around with currencies – they use 50% translated back […]
Upcoming Events
In The Press
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30 Oct 2024 2 min read
‘Set and forget’ funds that require minimal tinkering
by Cherry Reynard from interactive investor, 29th October 2024: Every investor understands the basic premise of investing: to sell something for more than they bought it for. However, while objectively straightforward, it is fiendishly difficult to do in practice. Time, markets, and emotions can all get in the way. This is the appeal of the […]
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12 Sep 2024 1 min read
IC Top 50 Funds 2024: the best funds to buy
The best bond and capital preservation funds Dave Baxter, Investors Chronicle, September 12, 2024: Stock markets have been riding pretty high in the past year, and in times like that it’s easy to forget the need for protection when things go wrong.. We stick with two names from the four, one of which makes good […]
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01 Jul 2024 1 min read
Four Graphs explaining the investment trusts worth buying
Investment Week, 1 July 2024: In the latest instalment of the ‘Four graphs explaining’ series, experts discern which investment trusts are actually a buying opportunity amid wide discounts across the sector. At the time of publication, there are only 23 investment trusts across the entire Association of Investment Companies universe which are on a premium, […]
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12 Jun 2024 1 min read
This UK trust’s discount has more than halved in a year but is it still a buy?
By Emma Wallis, News editor, Trustnet, 12 June 2024: A change of manager and renewed interest from shareholders have propelled Majedie Investments from a discount in the high twenties in 2022 to just 11% today.. The trust appointed Marylebone Partners as its investment manager in January 2023 and switched to a ‘liquid endowment’ investment strategy, […]
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11 Mar 2024 1 min read
Money Makers podcast: 11 March 2024
In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to James Carthew, director of QuotedData. You can listen to this week’s two podcasts in full here. Alternatively, you can subscribe and download it on most podcast channels including Soundcloud, Apple, Spotify, Stitcher and others.
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28 Feb 2024 2 min read
Should you hold a wealth preservation trust in 2024?
by Val Cipriani, Investors Chronicle, February 27, 2024: The past two years have been tough for the four investment trusts that promise to deliver a degree of capital growth but with a focus on wealth protection, regardless of how financial markets perform. Ruffer Investment Company (RICA) and RIT Capital Partners (RCP) have had particular difficulties, […]
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03 Jan 2024 1 min read
Are investment trust discounts getting out of hand?
by Jennifer Hill from interactive investor, 28th December 2023: Risk-off sentiment has pushed investment trust discounts to historically wide levels and many boards have been proactively trying to address the issue. This year will be a record for share buybacks with almost £3.5 billion of investment trust share buybacks in the first 11 months, data […]
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23 Oct 2023 1 min read
Discontent surrounds performance of wealth preservation investment trusts
By ANNE ASHWORTH, Daily Mail, 21 October 2023: Discontent surrounds the performance of the so-called wealth preservation investment trusts Capital Gearing, Personal Assets, RIT Capital Partners and Ruffer. These funds are foundering in their mission to provide a buffer in a challenging era through a mix of holdings, some defensive like bonds, some esoteric, like […]
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08 Sep 2023 1 min read
IC Top 50 Funds 2023: the best funds to buy
By Dave Baxter, Investors’ Chronicle, September 7, 2023 Holding an active fund can sometimes feel like a thankless task. Many have failed to outperform markets in both good times and bad, and with thousands in existence the choice on offer can seem overwhelming. But there are still rewards to be had: the best have outperformed […]
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22 Aug 2023 1 min read
Money Makers podcast: 21 Aug 2023
In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to James Carthew, director of QuotedData.
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11 Aug 2023 1 min read
How to find the real investment trust bargains
Kyle Caldwell, interactive investor, 10 Aug 2023: This episode of On The Money is inspired by interactive investor readers requesting a closer look at investment trust discounts. Kyle is joined by James Carthew, co-founder and head of investment company research at QuotedData, to tackle the topic, including how to spot a good opportunity and how […]
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01 Aug 2023 1 min read
Fidelity’s suspension of RIT Capital Partners ‘a good reason to find an alternative platform’
By Matteo Anelli, Reporter, Trustnet, 31 July 2023: Fidelity has suspended new investments into RIT Capital Partners, one of the largest and most popular trusts in the IT Flexible Investment sector. The move feels like a follow-up to what happened in January 2023 to abrdn Private Equity Opportunities, which was also suspended from the platform […]
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24 Jul 2023 1 min read
What’s going wrong for wealth preservation investment trusts?
by Faith Glasgow from interactive investor 24th July 2023: The four venerable multi-asset trusts with a well-deserved reputation for capital preservation have suffered significant losses so far in 2023. Why? This year has been a terrible one for investment trusts focused on wealth preservation to try and do their job. In the face of a […]
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18 Jul 2023 1 min read
Beyond wealth preservation trusts, nine other defensive options
by Jennifer Hill from interactive investor, 17th July 2023: Wealth preservation investment trusts are popular with DIY investors and for good reason, but a range of other defensive strategies are worthy of consideration, finds Jennifer Hill. The gathering of storm clouds tends to have investors running for cover but with sudden swings in the investment […]
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14 Jul 2023 1 min read
How fund managers prepare portfolios for a downturn
By Dave Baxter, Investors Chronicle, July 12, 2023: Few funds made it through 2022 unscathed, and even those with an explicitly defensive profile took a hit. A combination of problems, including a painful government bond sell-off, ultimately took its toll on most of the so-called wealth preservation investment trusts, although most of them fared better […]
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05 Jul 2023 1 min read
The funds and trusts that can’t be replaced with an ETF
by Sam Benstead from interactive investor, 5 July 2023: When it comes to sales, there has only been one winner in the active versus passive fund battle over the past decade, with the latter cleaning up. In 2007, before the financial crisis struck, the amount held in tracker funds was a mere £29 billion, which […]
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03 Jul 2023 1 min read
Four trusts to hold for a lifetime
By Tom Aylott, Reporter, Trustnet, 03 July 2023: These four trusts could be held as a core holding by any investor, regardless of risk appetite or time horizon, according to fund pickers. Many funds cater to investors with specific goals, but some strategies appeal to those of all time horizons. For example, low-risk trusts typically […]
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20 Apr 2023 1 min read
RIT Capital Partner’s ‘excessive’ discount offers a ‘rare buying opportunity’, say experts
By Tom Aylott, Reporter, Trustnet, 19 April 2023: The RIT Capital Partners trust has sunk to a 20.1% discount following recent criticism from analysts, but some are saying that this has opened an attractive window to buy. Trouble began in January after Alan Brierley, director of investment company research at Investec scrutinised its “ominously” high […]
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16 Jan 2023 1 min read
Investment trusts are going cheap in the stockpicker sales
David Brenchley, The Sunday Times, January 15 2023 The January sales are still on but you might find it more profitable to go shopping in the stock market instead. When share prices fall as sharply as they have since mid-2021, investors will inevitably be on the lookout for bargain opportunities. Investment trusts are trading at […]
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18 Oct 2022 1 min read
Investment trust insider opportunities in troubled times
Investment trust insider opportunities in troubled times – James Carthew: Where trust opportunities lie after another Tory regime collapse The U-turns, clumsy mistakes, muddled thinking and general ineptitude of current UK economic policy may have killed any hope of a relatively shallow recession in the UK. For investors, the way forward is hard to fathom, […]
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20 Jun 2022 1 min read
Big Dippers this year? Cheer up! A wild ride may be just the boost your funds need
By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 19 June 2022: With stock markets continuing to fall in recent days, many investment experts have reverted to using the ‘V’ word. That’s not V for victory, but V for ‘volatility’ – a term that seems to change its meaning when share price are in freefall. The FTSE […]
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28 Apr 2022 1 min read
The ‘one-stop-shops’ to help navigate any market environment
Eve Maddock-Jones, Senior reporter, Trustnet, 28 April 2022: In the midst of heightened market volatility Trustnet asks fund pickers which portfolios can provide attractive returns, diversification and defensiveness all in one offering. Personal Assets Trust and Alliance Trust are some of experts’ preferred ‘one-stop-shop’ options for investors seeking a core portfolio allocation. One-stop-shop portfolios are […]
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24 Feb 2022 1 min read
The low-risk funds to buy, hold and forget about
By Eve Maddock-Jones, Reporter, Trustnet, 24 February 2022: Trustnet asks fund pickers which portfolios deliver steady returns in the long-run without taking on huge risk. The opening weeks of 2022 have tested investors resilience to volatility in a way many have not experienced before. Equity markets in particular have struggled, facing the joint headwinds of […]
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21 Jan 2022 1 min read
Trust discounts widen in 2021 as post-Covid euphoria is hit by new variants
Kathleen Gallagher, Investment Week, 21 January 2022: In 2021, equity investment trusts saw their discounts widen by a weighted average of 4.8%, according to figures from the Association of Investment Companies (AIC) and Morningstar for Investment Week. However, when it comes to the individual winners and losers trusts swung drastically in both directions… Despite the […]
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10 Nov 2021 1 min read
Investors await details on why trust would benefit from rare structure
By Jessica Tasman-Jones, Portfolio Adviser, 3 Nov 21 EP Global Opportunities has left investors awaiting details about its rationale for adopting the increasingly rare self-managed investment trust structure as its board prepares to remove Franklin Templeton as its third-party manager… Alliance Trust and Personal Assets transition away from self-managed model There are currently just 13 investment […]
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06 Sep 2021 1 min read
Why a stocks and shares Isa is the perfect gift for a baby
Violet is five months old — a good age to start investing in the market, says her devoted uncle David Brenchley David Brenchley, Friday September 03 2021, 5.00pm, The Times It’s always exciting when you can welcome a new baby to the family. This was certainly the case with the birth of my niece, Violet, […]
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08 Jul 2021 1 min read
Be single minded and pick one multi-asset fund to do it all
We reveal how to choose By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:51, 3 July 2021 | UPDATED: 14:20, 4 July 2021 Multi-asset funds are designed to make life easy for investors. They purport to offer a one stop ‘mini portfolio’ so that investors don’t have to construct one themselves… HOW THE FUNDS PERFORM THROUGH THICK AND THIN Multi-asset […]
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11 Mar 2021 1 min read
Investment trust insider on RIT Capital
Investment trust insider on RIT Capital – James Carthew: RIT Capital, the ‘family office in a box’, deserves to re-rate after 2020. RIT Capital Partners (RCP) published its results for 2020 last week and they were pretty good. In fact, it was one of the best-performing investment trusts in the AIC’s Flexible Investment sector in terms […]
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23 Feb 2021 2 min read
What the wealth preservation investment trusts are telling us
What the wealth preservation investment trusts are telling us The best wealth preservation trusts and how they can help you Investors’ Chronicle, February 16, 2021 By Mary McDougall There’s a lot to learn from wealth preservation investment trusts, which broadly aim to protect and grow assets in real terms over time. After all, shouldn’t that be […]
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11 May 2020 2 min read
Investment trust insider on the return of inflation
Investment trust insider on the return of inflation – James Carthew: Ruffer, Capital Gearing & Personal Assets make a good point on inflation The Association of Investment Companies’ Flexible Investment sector encompasses funds with a diverse range of investment objectives. Among those whose primary aim is to preserve investors’ wealth, the trust that seems to have […]
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29 Apr 2020 1 min read
Did defensive funds prove their worth during the market sell-off
Did defensive funds prove their worth during the market sell-off – Kyle Caldwell for Money Observer
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06 Mar 2020 3 min read
Investment trust insider on defensive trusts and covid-19
Something a bit unusual – an article that we wrote that didn’t actually get published – reproduced here in full Conferences, conventions and sporting events are being cancelled left, right and centre but investment company directors shrugged that off and flocked to a well-attended annual AIC conference on Wednesday 4th. As always, there were some […]