Page 15 - DIY Investor Magazine | Issue 30
P. 15

  The advantage of this bench system is that it means the management team know which strategies to consider next should they need to replace a strategy within the portfolio – for reasons varying from portfolio adjustments to changes at the underlying management company.
While each sub-investment is made with a long-term view, factors like these can and do crop up, with the managers moving dynamically to respond.
Earlier in 2021, they added two new managers to the core portfolio. One of these, Metropolis Capital, is a UK-based boutique with its managers describing themselves as value investors with a private equity approach to public markets.
In practice this means that they seek returns through cash dividends and long-term market recognition of the fundamental value of their investments. Often, they seek businesses which are still founder managed.
Kepler Trust Intelligence will be joined by seven investment trusts for its forthcoming online event on Thursday 30th September, all of which have the potential to benefit from narrowing discounts, and each with a compelling argument to support the case for that to happen.
   By contrast, the other new manager, Sands Capital, is a large independent investment manager based in the US. It focuses on companies from around the world that can sustain above- average growth over the long term.
These two new additions alone reflect the diverse and idiosyncratic nature of the Alliance Trust manager suite and show how the trust’s managers combine several distinct points of view into one balanced portfolio.
This balanced approach is paying off for the trust, which is ahead of the MSCI ACWI NR USD benchmark over one and five years.
See the latest research note on Alliance Trust here >
Disclosure – Non-Independent Marketing Communication. This is a non- independent marketing communication commissioned by Alliance Trust. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.
Confirmed Speakers:
0900 - 1700, Thur, 30 Sept 2021 Online event
Yoojeong Oh
Aberdeen Asian Income
Chris Berrier
Brown Advisory
US Smaller Companies
Oliver Gardey & Colm Walsh ICG Enterprise
Join the investment companies’ team at Kepler Trust Intelligence on 30 September as we examine investment trusts trading on discounts that, in the view of our analysts, don’t reflect their true potential...
15 DIY Investor Magazine | Sept 2021

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