Brunner Investment Trust PLC Edison reviews The Brunner Investment Trust (BUT)

Fecha : 12/11/2019 @ 10:28
Fuente : RNS Non-Regulatory
Emisora : Brunner Investment Trust Plc (BUT)
Cotización : 878.0  9.0 (1.04%) @ 06:02
Brunner Investment Cotización de acciones Gráfica

Brunner Investment Trust PLC Edison reviews The Brunner Investment Trust (BUT)


Brunner Investment Trust PLC

12 November 2019

London, UK, 12 November 2019

Edison issues review on The Brunner Investment Trust (BUT)

The Brunner Investment Trust (BUT) is managed by Lucy Macdonald at Allianz Global investors (AllianzGI). Important developments for the trust in recent years include a move to a single global rather than discrete UK and overseas portfolios; a more global benchmark; better investment performance; an improved capital structure; and a more diversified share register. The manager believes that versus its peers, BUT's relative headwinds (due to having less exposure to the most highly valued tech stocks and more to the UK) are dissipating. She says that having both an income and capital growth objective in a more volatile, lower-return environment 'is probably not a bad thing'. Macdonald argues that BUT offers a more balanced style at a time when growth looks very expensive versus value; she describes the trust as a portfolio 'for all seasons'.

Over the last three years, BUT's discount has narrowed meaningfully. Its 9.2% share price discount to cum-income NAV is narrower than the 9.7%, 11.1%, 12.2% and 12.4% average discounts over the last one, three, five and 10 years respectively. The trust's dividend has grown for the last 47 years at a rate higher than the level of UK inflation; BUT currently offers a 2.3% yield.

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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 5720

Sarah Godfrey, +44 (0)20 3681 2519

Learn more at and connect with Edison on:


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit



(END) Dow Jones Newswires

November 12, 2019 11:28 ET (16:28 GMT)

Brunner Investment (LSE:BUT)
Gráfica de Acción Histórica

1 año : De Dic 2018 a Dic 2019

Haga Click aquí para más Gráficas Brunner Investment.

Brunner Investment (LSE:BUT)
Gráfica de Acción Intradía

Hoy : Martes 10 de Diciembre 2019

Haga Click aquí para más Gráficas Brunner Investment.
Su Consulta Reciente
Fibra Prol..
América Mó..
IPC México
United Sta..
Las acciones que ha visto aparecerán en este recuadro, lo que le permite volver fácilmente a las cotizaciones que ha consultado previamente
Registrarse ahora para crear su lista personalizada de acciones en streaming.

Cotizaciones PLUS están en tiempo real. Cotizaciones NYSE y AMEX están con retraso de por lo menos 20 minutos.
El resto de las cotizaciones están con retraso de por lo menos 15 minutos al menos que se indique lo contrario.

Al acceder a los servicios disponibles de ADVFN usted acepta quedar sujerto a los Términos y Condiciones

P: V:mx D:20191210 14:12:22