The Merchants Trust

LN: MRCH

Market Cap£712m

Last Close 523p

The Merchants Trust’s investment objective is to provide an above-average level of income and income growth, together with long-term growth of capital, through investing mainly in higher-yielding large-cap UK companies. With effect from 1 February 2017, the benchmark is a broad UK stock market index (previously an index of the 100 largest UK companies).

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Investment summary

The Merchants Trust (MRCH) is actively managed by Allianz Global Investors’ highly experienced chief investment officer of UK equities/UK income, Simon Gergel. He highlights that the portfolio is very different to what it was a couple of years ago, but the manager continues to adhere to his disciplined investment process, seeking undervalued companies with solid fundamentals, aiming to generate a high and growing level of income and long-term capital growth. MRCH’s portfolio is differentiated from its benchmark and has an impressive long-term record of outperformance versus the broad UK market. Its NAV total return is ranked first among the 22 funds in the AIC UK Equity Income sector over the last one, three and five years. MRCH’s dividend has grown for the last 40 consecutive years.

Content on The Merchants Trust
The Merchants Trust – executive interview
Investment companies | Edison TV | 5 August 2022
The Merchants Trust – Performance shining brightly
Investment companies | research Review | 5 August 2022
The Merchants Trust – Successfully navigating market uncertainty
Investment companies | research Review | 23 March 2022
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Sector
Investment companies
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Share price graph
Price performance
%
1m
3m
12m
Actual (1.9) (0.6) (3.7)
Relative* 1.8 (0.2) 1.2
52-week high/low 587.0p/486.0p
*% relative to local index
Key management
Colin Clark Chairman
Simon Gergel Fund manager

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