Wealth Preservation Funds - Do you use them? Current Views?

aroominyork

Albermarle said:

tigerspill said:

aroominyork said:

It's been said many times on the forum but worth repeating that RIT/RCP is not a WP fund in the way that CGT and PNL are - it is much, much more volatile. The Quitler piece in the Telegraph explains that 45% of assets are now in unquoted stocks. A true WP fund would never take such punts and be trading at a 20% discount to NAV. Of course it's not the first time a fund has invested in unquoted companies rather than sticking to its stated purpose... eight letters beginning with W, anyone?

Thanks.
How do you find out the same information for CGT and PNL?

Just look on Trustnet, or on a platform like HL or Fidelity.
The portfolio of PNL and CGT is clear, unlike that of RIT.

And the Hargreaves Landsown website very clearly charts premium/discount.

hallmark

https://www.theaic.co.uk/aic/news/citywire-news/rit-capital-tumbles-10-after-telegraph-switches-to-sell

"Two weeks after Brierley published his note, RCP provided some reassurance that its valuation was up to date saying 92% of its private market funds were marked at 30 September valuations. The company said its NAV per share with debt at fair value at 30 November was £24.54. This was up 1.4% over the month but down 7.8% over 12 months. Numis estimates the NAV has since fallen to £24.09.

Following this, two board directors demonstrated their faith by buying shares at £20.02 and £19.88. The board has continued to buy a modest amount of shares in a bid to narrow the discount but may have to do more in response to the latest derating."