close

I confirm that I am a UK financial adviser (Professional Client) and that I agree to and will comply with the Terms and Conditions of this site

close

I confirm that I am resident in the UK and I agree to and will comply with the Terms and Conditions of this site

close

I confirm that I am a UK institutional investor (Professional Client) and that I agree to and will comply with the Terms and Conditions of this site

The Edinburgh Investment Trust plc

June 2016 (Content as at 31 May 2016)

Introduction

UK Equities investment trusts update

Mark Barnett shares his thoughts on his investment philosophy, how he sees the Brexit negotiations impacting on equity markets in 2017 and provides his views on some of the key sectors he holds in the portfolios he manages.

Watch Mark's investment trust update

Video | Duration 15:01

14 March 2017

Mark Barnett, Head of UK Equities, Invesco Perpetual

Investment objective

The Company invests primarily in UK securities with the long term objective of achieving:

1. an increase of the Net Asset Value per share in excess of the growth in the FTSE All-Share Index; and

2. growth in dividends per share in excess of the rate of UK inflation.

Investment policy

The Company will generally invest in companies quoted on a recognised stock exchange in the UK. The Company may also invest up to 20% of the market value of the Company’s investment portfolio, measured at the time of any acquisition, in securities listed on stock exchanges outside the UK. The portfolio is selected by the Manager on the basis of its assessment of the fundamental value available in individual securities. Whilst the Company’s overall exposure to individual securities is monitored carefully by the Board, the portfolio is not primarily structured on the basis of industry weightings. No acquisition may be made which would result in a holding being greater than 10% of the market value of the Company’s investment portfolio. Similarly, the Company may not hold more than 5% of the issued share capital (or voting shares) in any one company. Investment in convertibles is subject to normal security limits. Should these or any other limit be exceeded by subsequent market movement, each resulting position is specifically reviewed by the Board.

The Company may borrow money to provide gearing to the equity portfolio up to 25% of net assets.

Further details of the Company's Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company's Annual Financial Report.

Key facts

Launch date: 1 March 1889

Fund manager: Mark Barnett, Head of UK Equities, Invesco Perpetual. View profile.

Deputy portfolio manager: James Goldstone, UK Equities Fund Manager, Invesco Perpetual. View profile.

View latest company announcements

Company Directors and Company Secretary

Jim Pettigrew (Chairman)
Gordon McQueen
Sir Nigel Wicks
Max Ward
Victoria Hastings
Glen Suarez
Kelly Nice (Company Secretary)

Should you wish to contact a member of the Board of Directors, please do so via the Company Secretary (see Contact details).

Investment risks

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

When making an investment in an investment trust you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an investment trust may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares.

The investment trust may invest in derivatives. This means that the net asset value of the investment trust may, at times, be highly volatile. The use of derivative instruments involves certain risks (including market or communication breakdown, counterparty failure and credit risk) and there is no assurance that the objectives for the use of such instruments will be achieved.

The investment trust may use borrowings to invest in the market. The use of borrowings may enhance total return when the value of the investment trust's assets is rising, but it will have the opposite effect when asset values fall. The use of borrowings may increase the volatility of the share price and the net asset value per share. In certain circumstances, the investment trust may be required to repay borrowings and this could adversely affect income and capital returns.

Issued on behalf of the board of The Edinburgh Investment Trust plc by Invesco Fund Managers Limited.

How to invest in an investment trust

Our guide provides you with the information you require when looking to invest.

View the guide

Investment trust email alerts

Sign up to receive email alerts when the monthly Investment Trust factsheets are available.

Sign up

Fund manager

Mark Barnett

Title: Head of UK Equities

Team: Invesco Perpetual - UK Equities

James Goldstone

Title: Fund Manager

Team: Invesco Perpetual - UK Equities

Overview

Objective

The Edinburgh Investment Trust plc invests primarily in UK securities with the long term objective of achieving an increase of the Net Asset Value per share by more than the growth in the FTSE All-Share Index; and growth in dividends per share by more than the rate of UK inflation. The use of derivative instruments is permitted within specific constraints. Please see the latest Annual Financial Report for details. Further details of the investment trust's investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the investment trust's Annual Financial Report.

Fixed interest roundtable Q&A: where next for bond markets?

Video

15 July 2015

Invesco Perpetual Fixed Interest team

In this live roundtable with fund managers from our Fixed Interest team, they discussed key issues including whether the Greek debt crisis matters for bond markets and the current macroeconomic backdrop.

Market commentary

Key facts
Product type Investment trust/company
Launch date 01 March 1889
Total gross assets £1,614.4m
Dividend yield* 3.4%
Benchmark index FTSE All-Share Index
Available within an ISA Yes
Available within a Savings Plan Yes

Manager

Mark Barnett

Title: Head of UK Equities
Team: Invesco Perpetual - UK Equities

James Goldstone

Title: Fund Manager
Team: Invesco Perpetual - UK Equities
Investment trust/company details
Share class Ordinary Share
Currency GBP
Reporting period ends 31 March
Reporting published June
AGM July
Investment levels (within an ISA/Savings Plan)
Minimum additional lump sum £100
Minimum monthly amount £20
Minimum lump sum £500

Charges (within an ISA/Savings Plan)

Full charges are set out on pages 5 & 6 of the Investment Trust Key Features document, available from the Related features & literature tab.

Holdings

 

Literature

UK Equities Investment Trust update

Video

14 March 2017

Mark Barnett, Head of UK Equities, Invesco Perpetual

Mark Barnett shares his thoughts on his investment philosophy, how he sees the Brexit negotiations impacting on equity markets in 2017 and provides his views on some of the key sectors he holds in the portfolios he manages.

Invesco Perpetual Select Trust plc UK Equity update

Video

21 November 2016

James Goldstone, UK Equities Portfolio Manager, Invesco Perpetual

In his latest video, James Goldstone gives us an insight into his investment approach and managing the UK Equity Share Portfolio.

The Edinburgh Investment Trust plc celebrates 125 years

Article

15 October 2014

Tom Tuite Dalton, Product Manager, Invesco Perpetual

Investment trusts come and go but some just carry on, and on. What is the secret of the longevity of this investment trust that was launched in 1889?

Company Directors

Jim Pettigrew (Chairman)
Richard Barfield
Gordon McQueen
Nicola Ralston
William Samuel
Sir Nigel Wicks
Max Ward

Company Secretary

Carolyn Ladd

Should you wish to contact a member of the Board of Directors, please do so via the Company Secretary.

Contact details

London Stock Exchange

Latest company news

View announcements

Investment risks

The value of investments and any income will fluctuate (this may partly be as a result of exchange rate fluctuations) and investors may not get back the full amount invested. Current tax levels and reliefs may change. Depending on individual circumstances, this may affect investment returns. Past performance is not a guide to future returns. The investment trust has the ability to invest up to £200 million from the Debenture Stocks in the equity market. The principal gearing risk is that the level of gearing may have an adverse impact on performance. Secondary risks relate to whether the cost of gearing is too high and whether the length of gearing is appropriate. The investment trust may invest in derivatives. This means that the net asset value of the investment trust may, at times, be highly volatile. The use of derivative instruments involves certain risks (including market or communication breakdown) and there is no assurance that the objectives for the use of such instruments will be achieved.

Important information

This information has been approved for issue by Invesco Asset Management Limited, the investment trust's Manager and Company Secretary. All portfolio figures are as at date shown (source: Invesco Perpetual). 70% of the annual management charge, and any performance-related fees which become payable and loan interest will be deducted from the investment trust's capital, which may boost income but constrain or erode long-term capital growth. When making an investment in an investment trust you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an investment trust may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares. The information on this page is selective and does not constitute an offer, or an invitation to subscribe for, or purchase, any securities. This page does not form part of any prospectus and application for shares should be considered only on the basis of a full prospectus. Where Invesco Perpetual has expressed views and opinions, these may change. For detailed information on our investment trusts, please contact us.