EDITOR’S LETTER
IN THIS ISSUE
Issue 24 / December 2016
I
Our outlook for every
sector next year
The trusts the experts hope
to find in their stocking
The tiny charges that
add up to thousands
ISSUE 24
CREDITS
TRUSTNET MAGAZINE (FORMERLY
INVESTAZINE) IS PUBLISHED BY
THE TEAM BEHIND FE TRUSTNET IN
SOHO, LONDON.
WEBSITE: WWW.TRUSTNETDIRECT.COM
EMAIL: [email protected]
CONTACTS:
T IS TRADITIONAL AT THIS TIME OF
YEAR to ask the experts for their predictions
about how the next 12 months will pan out.
However, with few if any analysts correctly
calling the big events of 2016, you could be forgiven for
asking “what’s the point?”. While I can empathise with
this view, there does seem to be a greater consensus among
analysts this time around about how the next year will develop – love him or
loathe him, at least everyone seems to have an idea of how Donald Trump’s
term in the White House will affect markets. Read Adam Lewis’s article on
page 22 to read the experts’ outlook on every sector in 2017.
Amid all the hysteria about Trump and Brexit, many people seem to
have forgotten about the other seismic events that took place in 2016.
For example, who remembers the Chinese stock market falling by 7 per
cent within minutes of opening this year? Read Daniel Lanyon’s review of
2016 over the page to jog your memory. On page eight meanwhile, Cherry
Reynard finds out how some of the biggest names in the AIC universe have
performed over the past 12 months.
In our regular columns, John Blowers explains how the “tiny” charges
associated with investing can add up to tens of thousands of pounds,
SWMC’s Stuart Mitchell reveals which three stocks he is tipping to bounce
back from recent share price weakness and Standard Life’s Bambos Hambi
tells us which fund he is using to protect against the impact of rising yields.
From everyone at Trustnet Magazine, have a merry Christmas and we will
see you in the new year.
22
14
30
Anthony Luzio
Editor
T: 0207 534 7652
Art direction & design
Javier Otero
W: www.feedingcrows.co.uk
Editorial
Gary Jackson
Editor (FE Trustnet)
T: 0207 534 7680
Lauren Mason
Senior reporter
T: 0207 534 7625
Jonathan Jones
Reporter
T: 0207 534 7640
Anthony Luzio
Editor
Trustnet Magazine
Sales
Richard Fletcher
Head of publishing sales
T: 0207 534 7662
Richard Casemore
Account manager
T: 0207 534 7669
Photos supplied by Thinkstock
and Photoshot
Cover illustration: Javier Otero
In association with:
TALES OF THE UNEXPECTED Daniel Lanyon looks back at 2016 – a year that took everyone by surprise P. 2-7 /
50 YEARS AND COUNTING With income becoming ever harder to find, salvation may come from a trust that
has raised its dividend in every year since 1966 P. 8-9 / UPPER TRUSTS Cherry Reynard finds out how some of
the biggest names in the AIC universe have performed over the past 12 months P. 10-12 / ALL I WANT FOR
CHRISTMAS Anthony Luzio asks three experts which investment trusts they hope to find in their stocking this year
P. 14-16 / FUND, PENSION, TRUST Schroder Recovery, Monks Investment Trust and Vanguard LifeStrategy 100%
Equity find themselves under the spotlight this month P. 18-20 / FOR WHAT IT’S WORTH… Adam Lewis asks the
experts for their outlook on every sector next year P. 22-25 / STING IN THE TAIL John Blowers reveals how the
many “tiny” charges associated with investing can add up to tens of thousands of pounds P. 26-28 /
ON THE REBOUND SWMC’s Stuart Mitchell reveals which three stocks he is tipping to bounce back from recent
share price weakness P. 30 / WHAT I BOUGHT LAST Standard Life’s Bambos Hambi is using TwentyFour Absolute
Return Credit for protection against the impact of rising yields P. 31