The Brunner Investment Trust PLC has released its monthly update for August 2023. The trust outperformed during the month, with a Net Asset Value (NAV) total return of -0.71% compared to -1.41% for the benchmark. The outperformance was achieved through stock selection rather than sector or regional weights. Novo Nordisk, Admiral, AJ Gallagher, and Visa were the most significant positive contributors to performance. Novo Nordisk's success with its drugs Ozempic and Wegovy, Admiral's strong results in the UK motor insurance market, AJ Gallagher's revenue growth, and Visa's benefit from inflation all contributed to their positive performance. On the other hand, Microchip Technology and Charles Schwab detracted from performance. There were no transactions during the month.
The trust is known for its long history of dividend growth, being an AIC Dividend Hero with 51 years of dividend growth. It also offers one of the highest yields in its sector. The trust has a global, actively managed equity portfolio.
The fact sheet for August 2023 provides data and commentary as of 31 August 2023. The trust's portfolio breakdown, performance, and dividend information can be found on the trust's website.
The update also mentions the importance of decarbonization and the road to net zero, but does not provide any specific information on this topic.
This update was issued by Allianz Global Investors UK Limited, the issuer of the trust. Investing in the trust involves risk, and the value of the investment and income from it can fluctuate. Allianz Global Investors UK Limited is authorized and regulated by the Financial Conduct Authority.