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Keystone Investment Trust plc

October 2016 (Content as at 30 September 2016)

Introduction

Investment objective

The Company's objective is to provide shareholders with long-term growth of capital, mainly from UK investments.

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: 17 September 1954

Fund manager: James Goldstone, Fund Manager, Invesco Perpetual. View profile.

View latest company announcements

Company Directors and Company Secretary

Beatrice Hollond (Chairman)
Peter Readman
William Kendall
John Wood
Ian Armfield
Paul Griggs (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 Keystone Investment Trust plc by Invesco Fund Managers Limited.

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Fund manager

James Goldstone

Title: Fund Manager

Team: Invesco Perpetual - UK Equities

Overview

Objective

Keystone Investment Trust plc's objective is to provide shareholders with long-term growth of capital, mainly from UK investments. 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 19 September 1954
Total gross assets £288.6m
Dividend yield* 2.9%
Benchmark index FTSE All-Share Index
Available within an ISA Yes
Available within a Savings Plan Yes

Manager

James Goldstone

Title: Fund Manager
Team: Invesco Perpetual - UK Equities
Investment trust/company details
Share class Ordinary Share
Currency GBP
Reporting period ends 30 September
Reporting published November
AGM December
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

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.

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.

The UK banks sector – finally set to join the equity party?

Article

04 May 2017

James Goldstone, UK equities Fund Manager, Invesco Perpetual

Plagued by legacy issues and regulatory uncertainty, the banks sector has struggled to join in the equity bull market of the past eight years. James Goldstone discusses his views on the sector and why it currently forms a major part of his portfolios.

Company Directors

Beatrice Hollond (Chairman)
David Adams
Peter Readman
William Kendall
John Wood

Company Secretary

Kerstin Rucht

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

Literature and forms

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. Depending on individual circumstances, this may affect investment returns. Past performance is not a guide to future returns. The market price of shares in investment trusts may not reflect their underlying net asset value. The investment trust/company has borrowings by way of debenture stocks totalling £40 million. Currently, the effect of gearing is mitigated by cash and fixed interest investments.

Important information

This information has not been approved by the board of the investment trust. It 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). 75% 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.