Post by mangomoney on Apr 25, 2016 14:00:55 GMT 7
Queen's birthday special: Investment trusts 90 years on
Long live our noble investment trusts
As the Queen celebrates her 90th birthday today, the AIC takes a look at the stories behind some of the oldest investment trusts.
Almost 10% of conventional (investment companies which issue only one class of ordinary share) AIC member trusts are 90 years old or more, including the Finsbury Growth & Income and Temple Bar trusts, which were both launched in 1926 - the year Queen Elizabeth II was born.
The Finsbury Growth & Income trust, which is today managed by Nick Train, was launched in January 1926 as the Scottish Cities investment trust. By 1958, it had net assets of approximately £1m, which rose to £3m in the next decade. Today, the trust's NAV exceeds £780m.
more...
www.investmentweek.co.uk/investment-week/news/2455459/queens-birthday-special-investment-trusts-90-years-on
Long live our noble investment trusts
As the Queen celebrates her 90th birthday today, the AIC takes a look at the stories behind some of the oldest investment trusts.
Almost 10% of conventional (investment companies which issue only one class of ordinary share) AIC member trusts are 90 years old or more, including the Finsbury Growth & Income and Temple Bar trusts, which were both launched in 1926 - the year Queen Elizabeth II was born.
The Finsbury Growth & Income trust, which is today managed by Nick Train, was launched in January 1926 as the Scottish Cities investment trust. By 1958, it had net assets of approximately £1m, which rose to £3m in the next decade. Today, the trust's NAV exceeds £780m.
more...
www.investmentweek.co.uk/investment-week/news/2455459/queens-birthday-special-investment-trusts-90-years-on
