Caledonia Investments is one of several ‘family-run’ investment trusts that have very respectable long-term records but have struggled to keep up with global market indices in recent years.
Exploring the world of investment trusts
Caledonia Investments is one of several ‘family-run’ investment trusts that have very respectable long-term records but have struggled to keep up with global market indices in recent years.
RIT Capital Partners is one of a number of conservatively managed global investment trusts that I hold in an attempt to give my portfolio a little ballast. It seems like a good time to see how that’s working out!
A few investment trusts cater to those of a nervous disposition, holding a range of lower-risk assets. Personal Assets Trust, with 58% in cash/short-term bonds and 9% in gold, is perhaps the most bearish of the lot.
If you’re looking for an investment company that can bolster your portfolio’s defences then Capital Gearing Trust might fit the bill. Since Peter Spiller took over in 1982, it’s had just one down year in net asset value terms. Even then, it lost just 2.5%.
One of the things I like most about investment trusts is that they aren’t too many of them. You have plenty of choices, but not so much that paralysis sets in.
Caledonia’s most recent financial year was pretty good, but its discount and costs remain an issue.
RIT Capital Partners sees risks everywhere it looks.
Tetragon, which invests in a diverse range of alternative assets, trades on a massive discount for a variety of reasons. It’s a risky but potentially lucrative opportunity.
My thoughts on RIT Capital Partners. It trades as a hefty premium, but does it deserve to?
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