Trust
FACT BOX
MANAGER : Peter Ewins / LAUNCHED : 15 / 02 / 1889 / PREMIUM / DISCOUNT : -12.3 % / OCF : 0.78 %
CROWN RATING
“ winning business ” is one that is easy to understand and has at least one competitive advantage . “ Of the three criteria , management is seen as the most important and the manager is looking for experienced people and stability ,” they said . “ They must have good capital-allocation policies and interests aligned with the shareholders . A range of different valuation metrics are used , although cash metrics are normally key .” The trust accesses Asia and emerging markets through other trusts and funds . Another notable characteristic is its record of dividend growth – it has increased its payout to investors in every one of the past 52 years . It is currently yielding 1.2 %.
Performance of trust vs sector and index over 10yrs
MSCI World Small Cap ex UK / Numis ( 187.2 %)
The Global Smaller Companies Trust ( 160.0 %)
IT Global Smaller Companies ( 62.9 %)
250 % |
|
|
|
|
|
|
|
|
|
200 % |
|
|
|
|
|
|
|
|
|
150 % |
|
|
|
|
|
|
|
|
|
100 % |
|
|
|
|
|
|
|
|
|
50 % |
|
|
|
|
|
|
|
|
|
0 % |
|
|
|
|
|
|
|
|
|
-50 % |
|
|
|
|
|
|
|
|
|
Dec12 |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Source : FE Analytics
Issue 90 - December 2022 / 45 /