In the interest of good disclosure, here’s a list of my current portfolio holdings as of March 2019.
They are in no particular order. Some I have held for more than twenty years, while others are recent additions.
The themeatic approach
Most of my portfolio is in global funds but I’m also investing in a few themes that I like being small-caps, private equity and infrastructure/renewables. Where I have written about a trust or theme you should see a link to the article in question.
The odd man out at the moment is UK/City of London Investment Trust which I am considering redistributing among my other existing holdings and perhaps adding some technology and biotech exposure, too. But the UK stock market does seem quite cheap right now, so I am in no particular rush.
You’ll see that I also own an ETF (Vanguard All-World) and a couple of funds (Lindsell Train Global and Fundsmith) that aren’t investment trusts.
What’s not listed here
I sometimes hold individual shares, but I don’t intend to list them here.
In terms of other assets, a decent chunk of my net worth consists of residential and commerical property. So I’m certainly not all in on equities. I also keep an ’emergency fund’ of cash to cover unexpected expenses.
I don’t own any fixed-income securities (i.e. bonds/gilts) right now. That’s something I am thinking of adding, although it’s not an asset class that’s well served by investment trusts.
None of the trusts listed below should be considered as buy recommendations. What I think suits my investment purposes and my tolerance for risk may not be appropriate for others. As the saying goes, you should always do your own research.
- RIT Capital Partners (RCP)
- Caledonia Investments (CLDN)
- Murray International (MYI)
- JPMorgan Global Growth and Income (JPGI)
- Vanguard FTSE All-World ETF (VWRL)
- Lindsell Train Global Equity (Fund)
- Fundsmith Equity (Fund)
- City Of London Investment Trust (CTY)
- Henderson Smaller Companies (HSL)
- BlackRock Smaller Companies (BRSC)
- Acorn Income Fund (AIF)
- Smithson (SSON)
Private Equity / Venture Capital Trust
- HG Capital (HGT)
- Princess Private Equity (PEY/PEYS)
- Baronsmead Venture Trust (BVT)
- HICL Infrastructure (HICL)
- Bluefield Solar Income (BSIF)
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