The Brunner Investment Trust (BUT) is now a much more focused global equity proposition compared with mid-2016: there is a single manager, running a single portfolio (rather than one UK and one overseas), performance has improved and the board has paid off the trust’s longstanding, high-cost debt. Manager Lucy Macdonald believes that the investment cycle is mature, characterised by peaks levels of liquidity, earnings growth and equity valuations, suggesting investors should gravitate to
15 Nov 2018
Brunner Investment Trust (The) - Focused global equity exposure
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Brunner Investment Trust (The) - Focused global equity exposure
Brunner Investment Trust PLC (BUT:LON) | 1,322 0 0.0% | Mkt Cap: 564.6m
- Published:
15 Nov 2018 -
Author:
Mel Jenner -
Pages:
8
The Brunner Investment Trust (BUT) is now a much more focused global equity proposition compared with mid-2016: there is a single manager, running a single portfolio (rather than one UK and one overseas), performance has improved and the board has paid off the trust’s longstanding, high-cost debt. Manager Lucy Macdonald believes that the investment cycle is mature, characterised by peaks levels of liquidity, earnings growth and equity valuations, suggesting investors should gravitate to