Brunner Investment Trust PLC Edison issues update on The Brunner Investment
15 Junio 2022 - 1:00AM
RNS Non-Regulatory
TIDMBUT
Brunner Investment Trust PLC
15 June 2022
London, UK, 15 June 2022
Edison issues update on The Brunner Investment Trust (BUT)
The Brunner Investment Trust's (BUT's) lead manager is Matthew
Tillett at Allianz Global Investors. He is 'delighted' by the
fund's relative performance so far in 2022, given elevated levels
of share price volatility, and points to the balanced investment
approach whereby the portfolio is not overexposed to a single
factor within the global stock market. He has taken advantage of
this volatility to improve the growth profile of BUT's portfolio as
he has been able to invest in some high-quality companies whose
valuations would normally be considered prohibitive for the fund,
including US software developer Adobe. BUT's board has just
announced the FY22 first interim dividend, which is 9.6% higher
year-on-year despite the challenging market backdrop, and it
highlighted the trust's healthy revenue reserves and portfolio
income that is comfortably above pre-pandemic levels.
BUT is currently trading at an 11.9% discount to cum income NAV,
which is wider than the 10.0%, 10.4% and 10.4% average discounts
over the last one, three and five years respectively. There is
scope for a higher valuation given the trust's commendable relative
performance; its NAV total returns rank second over one year and
fourth over three years out of the 17 funds in the AIC Global
sector.
Click here to view the full report or here to sign up to receive
research as it is published.
All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
About Edison: E dison is a leading research and investor
relations consultancy, connecting listed companies to the widest
pool of global investors. By focusing on the volume and quality of
investors reached - across institutions, family offices, wealth
managers and retail investors - Edison can create and gauge intent
to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual
meetings.
Having been the first in-market 17 years ago, Edison now has
more than 100 analysts covering every economic sector.
Headquartered in London, Edison also has offices in New York,
Frankfurt, Amsterdam and Tel Aviv and a presence in Athens,
Johannesburg and Sydney.
Edison is authorised and regulated by the Financial Conduct
Authority .
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information, please contact Edison:
Mel Jenner +44 (0)20 3077 5700
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison
on:
LinkedIn https://www.linkedin.com/company/edison-group-/
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRALZLFFLQLEBBF
(END) Dow Jones Newswires
June 15, 2022 02:00 ET (06:00 GMT)
Brunner Investment (LSE:BUT)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Brunner Investment (LSE:BUT)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024