Trustnet Magazine 54 September 2019 | Page 24

THE MONKS INVESTMENT TRUST PLC Your portfolio 24 / 25 at City Asset Management, says while cash has zero volatility, the problem is the return is going to be less than inflation, so capital will fall in real terms. “The real advantage is that when the bad event has happened, investors can move to buy assets that are attractively priced,” he adds. The next best thing After that, investors will almost certainly look to government bonds. Robert Love, head of research at Asset Intelligence Research, says developed-market government bonds MONKS HAS OVER £1.9BN IN NET ASSETS UNDER MANAGEMENT, WHILE ITS ONGOING CHARGE IS A MODEST 0.50%*. THE CENTRE OF YOUR PORTFOLIO. remain one of the most effective diversifiers of equity market risk. “They are typically seen as ‘safe havens’ to which investors flock during times of trouble for either markets or economies,” he adds. PERFORMANCE OF FUND VS SECTOR AND INDEX Monks Investment Trust, we believe, could be a core investment for anyone seeking long term growth. It is managed according to Baillie Giff ord’s £39bn Global Alpha strategy. As a result, Monks takes a highly active approach to investment and its portfolio looks nothing like the index. The managers group their holdings into four diff erent growth categories. This allows for excellent diversifi cation and off ers the chance to unearth some of the more interesting companies listed on global stock markets. Over the last fi ve years the Monks Investment Trust has delivered a total return of 143.7% compared to 112.7% for the sector**. Standardised past performance to 30 June** IA Targeted Absolute ASI Global Absolute Return (54.48%) Return (4.94%) Strategies (-2.98%) 50% 2016 2017 2018 2019 40% Monks Investment Trust 10.4% 3.2% 59.9% 22.1% 9.5% 30% AIC Global Sector Average 15.4% 5.6% 39.1% 20.6% 4.6% 20% Past performance is not a guide to future returns. MSCI AC World 60% 2015 10% Please remember that changing stock market conditions and currency exchange rates will aff ect the value of the investment in the fund and any income from it. Investors may not get back the amount invested. If in doubt, please seek fi nancial advice. 0% -10% If you’re looking for a fund to shine at the centre of your portfolio, call 0800 917 2112 or visit www.monksinvestmenttrust.co.uk M *Ongoing charges as at 30.04.19 calculated in accordance with AIC recommendations. Excludes transaction costs, costs of borrowing money to invest and the ongoing costs of any underlying investment funds within the Trust’s portfolio. Details of these costs can be found in the Key Information Document. **Source: Morningstar, share price, total return as at 30.06.19. All other data as at 30.06.19. Your call may be recorded for training or monitoring purposes. Issued and approved by Baillie Gifford & Co Limited, whose registered address is at Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN, United Kingdom. Baillie Gifford & Co Limited is the authorised Alternative Investment Fund Manager and Company Secretary of the Company. Baillie Gifford & Co Limited is authorised and regulated by the Financial Conduct Authority (FCA). The investment trusts managed by Baillie Gifford & Co Limited are listed UK companies and are not authorised and regulated by the Financial Conduct Authority. Long-term investment partners -20% A Key Information Document is available by contacting us. “While we can buy these funds that consistently take advantage of volatility, they tend to bleed performance until it happens” Source: FE Analytics trustnet.com