Brunner Investment Trust PLC Edison issues update on Brunner Investment Trust
01 Décembre 2022 - 8:19AM
RNS Non-Regulatory
TIDMBUT
Brunner Investment Trust PLC
01 December 2022
London, UK, 1 December 2022
Edison issues update on The Brunner Investment Trust (BUT)
The Brunner Investment Trust (BUT) has welcomed another
experienced manager into its team. Julian Bishop joined Allianz
Global Investors (AllianzGI) on 1 November 2022, following the
departure of Matthew Tillett. He is working alongside BUT's lead
portfolio manager, Christian Schneider, and deputy portfolio
managers Marcus Morris-Eyton and Simon Gergel. Schneider says that
the trust has a key focus on quality, with the team aiming to
outperform BUT's global/UK composite benchmark in all market
environments. The trust is on track for its 51st consecutive year
of higher annual dividends and currently offers a 2.1% yield.
BUT's 11.7% share price discount to cum-income NAV is not
dissimilar to the 10.5% to 12.0% range of average discounts over
the last one, three, five and 10 years. However, the trust has some
appealing attributes which offer scope for a higher valuation. In a
volatile market environment, BUT's focus on high-quality businesses
and its measured approach to generating both long-term capital and
income growth could find favour with investors. The trust's NAV
total return currently ranks first out of 15 funds in the AIC
Global sector over the last 12 months, while it is comfortably
above average over the last three and five years. BUT's NAV has
also outperformed its benchmark over the last three, five and 10
years.
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December 01, 2022 02:19 ET (07:19 GMT)
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