"This month we catch up once again with our panel of multi-managers and ask for their views on the best investments opportunities.Rather than build their portfolios by investing in individual stocks or bonds, our experts invest largely or ..."
Ir's a solid hold for me too. LWDB is an excellent defensive play in these uncertain times. I first bought in at 505 and the price went down about 80p so I bought some more and since then have never regretted a minute. For information, LWDB is one of Money Week's defensive portfolio picks. It's ex-div day tomorrow.
long overdue share price rise I should say.....the unique nature of this investment trust /legal services combo shouldn't really be trading at a discount at all ....james Henderson is a proven manager but he hasn't been at his best recently but the last 12 month we are moving up the performance tables again .another plus is the legal business provides 30% of the income allowing LWDB to pay the highest divi in the sector of 2.8% without the trust becoming dependent on a handful of high divi players .as always LWDB is a solid hold for me
the problem here is a gradual deteriorating performance .5 yrs good ,3 years moderate ,1 year poor .to be honest i no longer understand what is going on ....managers that have no banks ,no oil ,no supermarkets ,no retail ,no mining etc .it seems to me that the traditional model of investing is toast .as always is the case ,the managers that adapt the fastest are the winners
Have noticed that the premium has reduced from about 12% to 7% recently, whilst NAV has remained fairly flat. Not sure why there has been a down-turn in sentiment recently (but we are still well above the premium of only 1% reached briefly in June). I'm just guessing, but might it be due to news eminating from the fiduciary services business, which has historically been the justification for this trust having such a high premium compared to its peers? The manger's October presentation (available on the trust's website) refers to fierce completion in this area of business.
"Income investors are increasingly turning to funds due to low rates of interest on deposit accounts, with many offering higher yields than the best rates on savings accounts.However, starting yields on funds can differ according to the type of ..."
Continuing with the theme of the past few weeks of looking at 2012's losers and winners, one global growth trust sticks out as a winner: Law Debenture. It is an unusual fund in that it has a large trading subsidiary and this puts off some investors but this business has been a source of strength in recent years.
Judging from the few posts this investment trust has not caught the imagination of many investors but it is an interesting and unusual investment trust because of course it has significant income from other parts of the business, not just the income from its investments. This extra income should help to smooth returns and I wish the trust could be run with the declared intention of capital preservation as well as increasing income. Unfortunately the manager, Henderson, does not seem to have much expertise in minimising volatility and the intensity of ups and downs have largely followed the market, although the overall perfomance has been OK. It would be an excellent opportunity for fund managers who can manage volatility, such as Troy Asset Management or CG Asset Management, to show their talents.
Largely depends on your feelings re markets generally,its Trustee business should perform steadily.Bought in myself in April but thinking of adding again.If we assume things will get better should be a decent long term income holding + hope of capital increase.
The record here has been well worth following. It seems that Henderson are doing a good job on the IT side and the Trustee side is making hay in London, New York and Hong Kong. The (relatively new) managers have plenty of share incentives to encourage them. The div yield is good but the div growth is exceptional. Buoyed up by the Trustee profits.
Does anyone have any information/views on this trust. I'm looking for a dividend paying global fund with a good manager, low risk fund, nothing exciting, perform well/ok in difficult times.
Allready hold CLDN RCP BTEM.
Whats the Law Debenture Trustee?
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