What Investment Trusts do you hold?

takesyourchances

As I follow up, I see HICL Infrastructure Company as an IT for an example in this sector, I will look at this some more as well.

Thanks.

Drp8713

I have made Bankers my core holding.

Really well diversified both by sector and geographically with experianced managers in each region, relatively low charges, decent yield and on a 3% discount.

benalder284

I've used IT savings schemes with largely monthly contributions to build a portfolio for my now 8-year old daughter.


25% in RIT, 25% in Edinburgh IT, 15% in Scottish Mortgage, 15% in Murray International and 15% in Templeton Emerging Markets.

guitarman001

Bump!
There are just so many, it's hard to decide. These seem to be popular:
Scottish Mortgage
Edinburgh
Murray International
City of London
Invesco Perpetual

Biotech/health also seems to be popular. Is now a good time to be considering these?

IronWolf

Not sure if its classed as an IT but I hold Weiss Korea Opportunity fund which invests in Korean preference shares selling at a discount to the common stock.

TCA

guitarman001 wrote: »

Bump!
There are just so many, it's hard to decide. These seem to be popular:

Scottish Mortgage
Edinburgh
Murray International
City of London
Invesco Perpetual

I'm just starting out in the process (<1year) and I began with a long list of trusts I fancied (to cover the asset sectors I wanted) but am buying them slowly dependent on market conditions.

I bought Edinburgh, which wasn't that high on my list, but when Woodford left it went onto a discount from a long term premium and the price took a hit. There are still others on my list that I haven't bought yet.

guitarman001

Are you into Woodford's new fund, and do you think Edinburgh is now a good buy??

SomeUser

Currently, only advance frontier as part of a wider portfolio.

I like them for illiquid and specialist investments. I've got a property UT that makes me twitchy but I'm leaving it for now.

I've recently sold Aberdeen New Thai (15% net profit in 6 months), and both Baillie Gifford Shin Nippon and Aberdeen New Dawn due to a portfolio rebalance.

TCA

guitarman001 wrote: »

Are you into Woodford's new fund, and do you think Edinburgh is now a good buy??

I don't have Woodford's new stuff and no plans to. Not for any particular reason. I just prefer other options. As for EDIN being a good buy now? That depends on your reasons for buying it. The discount is nearly as low as it's been in 12 months, so that's good, and I still see it (for me) as a good long-term purchase. But my reasons for holding might not be the same as yours for buying.

Sorry, not much help there.

bowlhead99

SomeUser wrote: »

Currently, only advance frontier as part of a wider portfolio.

I like them for illiquid and specialist investments

Yes, trusts are ideal for anything illiquid and specialist - you wouldn't be able to run something like Advance Frontier's portfolio through an open ended fund (I hold that one too).

I suppose the most 'mainstream' ones I have would be Scottish Mortgage (SMT), Henderson European Focus Trust (HEFT) and Templeton Emerging Markets IT (TEM). I say mainstream as they have a wide remit to invest globally, across europe and across emerging markets respectively and are generally invested in things you've heard of.

They are still specialist in their own way - both the first two have concentrated portfolios which I like; SMT being very tech heavy with the likes of Baidu, Tencent, Facebook, Tesla among others and both having half their assets in their top ten holdings. TEM has pretty broad EM coverage and a good long term record. It's the only one of the three still on a discount and compared to the EM index it's quite overweight in energy and consumer sectors while being under in the IT, Telecoms, Healthcare areas which I have plenty of elsewhere.

A couple of other EM funds (in addition to TEM and Advance Frontier) I like are Scottish Oriental Smaller and JPM India.

The more intriguing / specialist investment companies or investment trusts I have include Henderson Value Trust and Hansa Trust and some private equity fund-of-funds: HVPE, PIN and APEF.

In Natural Resources I have City Natural Resources High Yield which has a lot of smaller companies in the sector that are off the radar of something like a JPM Natural Resources which I hold as a regular fund, as well as having a higher yield bias through equity and non equity holdings. It's down probably 50% over 3 years but I haven't held it as long as that and the discount at the moment is double figures.

In property I have Target Health REIT and Primary Health Properties plc; I think they're in a safe sub-sector for the long term and though I think I might prefer Target, it's too much of a new fund to be my only holding in that area so I hold PHP as well.

Currently out of my portfolio for the moment but still on the watchlist:

Biotech Growth is a famously well performing IT in their niche but I had a feeling that you can have too much of a good thing; I was looking to just trim back and take profits earlier this year but then decided to sell the whole thing and juggle my portfolio about a bit ;

New City High Yield have been delivering well but I exited on a premium and would hope to go back in at some point when it's no longer there or is a bit lower. The yield was really good but if you're paying 5% on top of what the assets are worth, the risk/reward isn't as good as the headline returns they make would imply, particularly if interest rates generally may start to head up in the next few quarters.