Trust
FACT BOX
MANAGERS : James Dow & Toby Ross / LAUNCHED : 31 / 03 / 1873 / DISCOUNT / PREMIUM : -1 % / OCF : 0.62 %
CROWN RATING
They like that our portfolio is one that delivers steadily compounding total returns .” As examples of companies with this durable return profile , Dow and Ross pointed to Pepsico and Coca-Cola , both of which have managed to eke out gains this year . “ Input costs are rising , but the companies are able to raise prices without affecting demand much ,” said the managers . Away from equities , the trust also has exposure to property and infrastructure . In the future , it should benefit from lower borrowing costs : in April , it replaced a previous debenture which had a coupon of 8 %. Its overall cost of borrowing is now just 3 %.
Performance of trust vs sector and index over 10yrs
FTSE All World ( 201.5 %)
Scottish American Investment Company ( 205.3 %)
IT Global Equity Income ( 152.3 %)
250 % |
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200 % |
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150 % |
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100 % |
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50 % |
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0 % |
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-50 % |
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Nov12 |
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Nov21 |
Source : FE Analytics
Issue 89 - November 2022 / 53 /