The Brunner Investment Trust PLC has released its April 2024 portfolio update, highlighting the reasons to invest in the trust and providing a comprehensive review of the fund manager's insights and performance. The trust is recognized as an AIC Dividend Hero with 52 years of dividend growth and offers one of the highest yields in its sector. The global, actively managed equity portfolio includes a 70% global and 30% UK allocation, providing diversification. The trust outperformed its benchmark index in April, with a Net Asset Value (NAV) total return of -1.23%, ahead of the -1.32% fall of the benchmark index.
The trust's performance was driven by notable contributions from holdings such as GE Aerospace, Tyman, Bank of Ireland, Charles Schwab, and TotalEnergies. However, there were negative impacts from not holding AstraZeneca and HSBC, as well as a retreat in previously strong technology holdings like Microsoft and ASML. The trust added Inchcape to its portfolio, funded by valuation-driven reductions to Atlas Copco and RELX, and the sale of its small position in Australian bank ANZ.
The trust's discount to NAV has narrowed substantially, indicating confidence in the Brunner approach. The trust's annual report and the latest portfolio breakdown, performance, and dividend information are available on the official website. The update concludes with contact information for Allianz Global Investors UK Limited, emphasizing that investing involves risk and the value of an investment could fall as well as rise.
For more information, visit www.brunner.co.uk.
*Past performance does not predict future returns.