bankers investment trust

MarcoM

Hello, do fellow investors in bankers investment trust feel this has now reached the bottom and is worth putting more into it or are you just holding for now?

Interested in other holder's strategy.

Thanks

tetrarch

I have some Bankers, mostly out of nostalgia as this was a fund I use to administrate back in the 80's. Along with COLT

The discount is now at the point that selling seems a little wrong. I'm not sure I'd buy a tonne more though...

Regards

Tet

talexuser

I've got a small part of the ISA in it for diversification. It has done poorly recently but ahead of benchmark over 5 years.. still, this may change in a year or so unless things improve. I think the large discount now reflects this. I'm holding meanwhile because other stuff is doing ok moving sideways, and selling at this discount seems a poor decision. If it turns out to be a dog then I should have sold, if it recovers to past trends, it was a good hold. If we could predict then we'd be easily rich. Markets are just subdued while interest rates get to peak.

wmb194

As it happens, today Citywire has an article about Bankers. Perhaps there's some value there and it can turn things around with some new investments and at least one of its managers but who knows? The chart in the article suggests that something in the past three years went badly wrong:



https://citywire.com/investment-trust-insider/news/bankers-stages-brief-recovery-driven-by-lack-of-further-bad-news/a2420369?re=110410&refea=330515