EDITOR’S LETTER
14
Issue 35 / December 2017
2017
in review
LOOKING UP
Your guide to every sector
next year
PLATFORM 9¾ (OUT OF 10)
Picking the right online
broker for you
SHAKING IT UP
The quiet revolution in
investment trusts
000 Front Cover.indd 1
13/12/2017 19:04
ISSUE 35
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
HIS TIME OF YEAR traditionally sees
Trustnet Magazine round up the events of the
past 12 months. On the face of it, this may
seem like a facile exercise used to spare your
editor the effort of coming up with anything more original.
However, it never fails to surprise me how much the
investment landscape can change in such a short period of
time and how often the major events that took place in the early part of the
year have largely been forgotten about by the time Christmas rolls around.
For example, there was a notion prevalent at the start of the year that,
with four elections set to take place in major European nations and
populism on the rise, 2017 could well be the beginning of the end of the
EU. It is worth bearing in mind just how wide of the mark the experts
often find themselves when you read another one of our December staples
– the outlook on every major investment trust sector for the year ahead.
Our final festive fixture sees me asking three analysts to review their
trust picks from last year – and reveal which ones they are backing in 2018.
In our regular features, John Blowers weighs up the pros and cons of
each investment platform in light of Trustnet Direct’s closure, Quilter
Cheviot’s Simon Doherty and Navin Chauhan explain why they
are backing Henderson European Selected Opportunities and Lucy
Macdonald of the Brunner Investment Trust names three stocks
whose use of technology is creating long-term value.
From everyone at Trustnet Magazine, have a happy Christmas and
we will see you next year.
IN THIS ISSUE
10
12
20
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
Rob Langston
News editor
T: 0207 534 7696
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 Istock
and Photoshot
Cover illustration: Javier Otero
In association with:
THE CALM AFTER THE STORM Trustnet Magazine looks back at 2017 – a year that allowed investors to get their
breath back following the roller coaster ride of 2016 P. 2-5 / SHAKING IT UP Cherry Reynard says investment
trusts could be entering an exciting new phase as she rounds up the major activity in the sector over the past 12
months P. 6-8 / WHY TECHNOLOGY WILL TRANSFORM HEALTHCARE Douglas Brodie, manager of Edinburgh
Worldwide Investment Trust, reveals why he is so optimistic about the biotech sector P. 10-11 / BACK TO THE
FUTURE Anthony Luzio asks the experts to review their trust picks from last year – and reveal which ones
they are backing in 2018 P. 12-14 / FUND, PENSION, TRUST Franklin UK Equity Income, Schroder High Yield
Opportunities and Biotech Growth Trust find themselves under the spotlight this month P. 16-18 / LOOKING UP
Adam Lewis finds fund managers and analysts in a positive mood as he sums up their outlook on every major
investment trust sector in 2018 P. 20-23 / PLATFORM 9¾ (OUT OF 10) With the closure of Trustnet Direct, John
Blowers offers advice on what you should look for when choosing the right investment platform for you
P. 24-27 / GETTING DIGITAL Lucy Macdonald of the Brunner Investment Trust names three stocks whose use
of technology is creating long-term value P. 28 / WHAT I BOUGHT LAST Quilter Cheviot’s Simon Doherty and
Navin Chauhan explain why they are backing Henderson European Selected Opportunities P. 29