10 trusts for long-term growth
5th August 2016 12:31
by Moira O'Neill from interactive investor
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Concluding her roster of the 50 best funds for beginner investors, Moneywise editor Moira O'Neill profiles 10 quality trusts to consider buying and stashing away long-term.
You might feel that investment trusts are not for you, as they are traded like stocks and shares on the London Stock Exchange, and therefore their prices can go up and down depending on investor sentiment.
However, many investors love investment trusts for their tendency to perform better than actively managed open-ended funds. Here are a few to consider buying and stashing away for the long term.
Investment trusts are identified by their Tradeable Instrument Display Mnemonic (TIDM), a short, unique code used to identify UK-listed shares.
For the rest of the top 50 list, you can click here to see our top 20 index-tracking funds for core holdings, along with a brief guide to fund-buying, or click here for the 20 best active funds to add value to portfolios.
UK stockmarket income
A core holding for investors looking for long-term growth in income and capital from UK shares. Very low charges and a lower-risk, cautious investment style.
OCF: 0.42%
Its aim is to provide income and growth by investing primarily in UK-listed companies. Manager Nick Train's long-term patience and deep understanding of his companies set him apart from his peers.
OCF: 0.78%
UK stockmarket growth
Seeking to maximise shareholder total returns by investing mainly in UK smaller companies, its manager Neil Hermon has built up an impressive record of capital growth and dividend increases.
OCF: 0.47%
Global stockmarket growth
Aims to maximise total return, while also generating real dividend growth, from a focused and actively managed global portfolio, with a focus on the theme of technological change.
OCF: 0.48%
Aims for a high total return by investing in smaller companies worldwide. The dividend has risen in each of the past 45 years.
OCF: 0.54%
A good core portfolio holding, it invests in global equities and is managed via a multi-manager strategy, which means it invests in other funds.
OCF: 0.79%
Fund manager Alexander Darwall has proved to be an exceptional stock-picker. He invests in a focused portfolio of around 40 stocks and favours high-quality European businesses.
OCF: 1.09%
Global stockmarket income
Its goal is to achieve income and capital growth through investments predominantly in worldwide equities. Fund manager Bruce Stout is a "contrarian" investor (he takes the opposite view to other investors).
OCF: 0.75%
Generating income from a diversified portfolio of investment trusts and investment companies, it offers a good way to test the water in this sector.
OCF: 1.16%
Property
Investing in a diversified UK commercial property portfolio, it aims to provide an attractive level of income together with the potential for capital and income growth.
OCF: 0.89%
This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.