Loads of articles have looked at the best performing shares and funds over the 2010s. I thought I’d add a little twist, looking at the trusts that doubled in the first half of the decade and then repeated the trick in the second.
Some investment trusts shun the limelight while others almost seem to go out of their way to make themselves unpopular. Small-cap specialist Oryx International Growth seems to fall into the latter camp.
Smithson Investment Trust has made an impressive start on the London Stock Exchange with a return around triple that of its benchmark. But we shouldn’t get too carried away.
It’s been a tough year for tiddlers. UK small-cap investment trusts are down by more than 10% since last August with the average discount widening slightly to 11.5%. Henderson Smaller Companies is one of three such funds that I hold and it’s down a little more than the sector as a whole.
Infamy, infamy, they’ve all got it in for me! In the last couple of months, the managers heading up three of my investment trusts have all decided to retire. The latest to desert me is Mike Prentis at BlackRock Smaller Companies. What a carry on!
I’m a big fan of small-cap investment trusts but one of my holdings, Acorn Income Fund, definitely won’t suit everyone. It’s much more highly geared than your typical fund, adding an extra layer of risk. But this also makes it a good candidate for opportunistic top-ups.
Smithson Investment Trust (SSON) released an interim report this morning, giving us a decent look at what’s been happening in four and a half months since it joined the market. There was little in the way of surprises and it looks like everything is proceeding to plan.
Fancy a low-key trust that has trashed the market for over three decades with the same fund manager at the helm? Well, Rights And Issues Investment Trust fits that bill.
Let’s start small in 2019. One of my investing ‘themes’ at the moment is to dedicate a slice of my portfolio (roughly 10% or so) to smaller company investments. I feel that I’m pretty well covered UK-wise, so the next stop is global small-cap funds.
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