The Brunner Investment Trust

LN: BUT

Market Cap£407m

Last Close 954p

BUT aims to provide growth in capital value and dividends over the long term through investing in a portfolio of global equities. Its benchmark is a composite of 70% All-World ex-UK (£) Index and 30% All-Share Index.

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Investment summary

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.

Content on The Brunner Investment Trust
The Brunner Investment Trust – Managing well through choppy waters
Investment companies | research Update | 14 June 2022
The Brunner Investment Trust – A fund for all seasons
Investment companies | research Review | 4 March 2022
Brunner Investment Trust (The) – Approaching 50 straight years of higher dividends
Investment companies | research Update | 27 October 2021
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Share price graph
Price performance
%
1m
3m
12m
Actual (4.8) (3.3) (6.9)
Relative* 1.5 2.1 (1.7)
52-week high/low 1130.0p/933.0p
*% relative to local index
Key management
Carolan Dobson Chairman
Matthew Tillett Fund manager

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