Financial Times Guide to Investment Trusts, The
Description
Making your capital work hard has never been more important than it is today. Investment trusts, often over looked as an investing vehicle, are a key tool in getting better returns on your money.
The Financial Times Guide to Investment Trusts is your concise and jargon free introduction to one of the City's best kept secrets. It explains how investment trusts differ from unit trusts and OEICs and explores the pros and cons of investment trusts including their superior performance. It also helps you identify your investment objectives, discusses the basic principles of successful investing, and how to run a trust portfolio.
Whether you are a novice DIY investor or have many years' experience and wish to question the experts; the FT Guide to Investment Trusts :
· Provides a detailed overview of what investment trusts are and how they differ from other funds
· Examines the factors which help to explain the better performance of trusts - including cheaper fees, discounts and gearing
· Analyses the stepping stones to successful investing
· Shows you how to construct and monitor a trust portfolio
· Highlights the workings of two live and benchmarked portfolios which John has been sharing with Investor Chronicle readers over the years.
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Persons
He is best known to readers of the FT's Investors Chronicle for having successfully managed two real investment trust portfolios since 2009 - as measured by their respective MSCI PIMFA benchmarks. His popular monthly column is closely followed and helps investors - private and professional - with their investments.
John has used investment trusts for over 35 years. After university and the Army, in a career spanning 14 years, he ran a broad range of charity and private client portfolios as a director of both Henderson Private Clients and then Rothschild Asset Management (RAM).
Content
- 1 What are investment trusts?
- 2 Better performance
- 3 Competitive fees
- 4 Structural advantages
- 5 Geared tailwinds
- 6 Discount opportunities
- 7 Dividend heroes
- 8 Independent board
- 9 Good communication
- 10 Comparing investment trusts
- 11 Perspectives - three fund managers
- 12 Perspectives - the AIC and a board director
- 13 Perspectives - an analyst, a shareholder and an editor
- 14 Deciding investment objectives
- 15 Accessing markets
- 16 First principles
- 17 More considerations
- 18 Further considerations
- 19 The Summer portfolio
- 20 Recent commentaries