The Brunner Investment Trust PLC has released its March 2024 update, highlighting the reasons to invest in the trust, including its 52 years of dividend growth, high yields, and a global, actively managed equity portfolio. The monthly fact sheet provides data and commentary as of 31st March 2024, offering insights into the trust's performance and market trends.
The global equity markets continued their upward trajectory in March, with indices such as the S&P500 and the Nikkei reaching new all-time highs. The Trust's Net Asset Value (NAV) total return for March was 2.69%, slightly lagging behind the benchmark index's 3.78% return. The report also discusses the performance of specific holdings, such as Bank of Ireland and General Electric, which made significant positive contributions to the portfolio.
The fund manager's review delves into the performance of various sectors, noting the outperformance of lower multiple value stocks compared to higher quality growth stocks. The report also addresses the negative contributions, the absence of trades during the month, and the portfolio's skew towards quality, which underperformed during the period.
The update also touches on the outlook for technology companies benefiting from the AI boom and provides contact information for further details. The report emphasizes the importance of diversity of viewpoints and open-mindedness in the trust's investment process, aiming to think differently to achieve outperformance.
For more detailed information on the portfolio breakdown, performance, and dividend information, readers are directed to visit the trust's website. The update concludes with regulatory and contact information, including details about Allianz Global Investors UK Limited, the issuer of the marketing communication.
This comprehensive update from Brunner Investment Trust PLC provides valuable insights into the trust's performance, market trends, and the rationale behind its investment decisions, offering a transparent view for investors and stakeholders.