The City of London Investment Trust (NZX:TCL) Share Price, News, Chart & Financials

The City of London Investment Trust

Henderson Secretarial Services, 201 Bishopsgate London, Great Britain, EC2M 3AE

+44 207818 1818

Sector: Financial

Description

Incorporated on 26 September 1861, The City of London Investment Trust (NZX:TCL) is one of the UK’s oldest investment trusts. It invests in companies with the prime intention of augmenting the long-term capital and income of its shareholders.

The Trust primarily invests in multinational companies listed on the London Stock Exchange, thereby helping its investors enhance the growth of their portfolio by investing in global securities. The total assets of TCL were recorded at £1.74 billion as on 31 March 2021.

It boasts of a conservative management style of working with considerable importance given to the declaration of dividends.

The Trust is being managed by Job Curtis since 1991 with FTSE All Share Index as its investment benchmark.

It is noted that TCL’s NAV and share price, both have outdone the Benchmark for about 10 years.

Peers

TWR

Tower Limited

SNC

Southern Charter Financial Group Limited

MTF

Motor Trade Finance Ltd

HBL

Heartland Bank Limited

HMY

Harmoney Corp Limited

WBC

Westpac Banking Corporation

ACE

Ascension Capital Ltd

GBF

Smartshares Global Bond ETF

IAG

Insurance Australia Group Limited

MLN

Marlin Global Limited

NZA

NZ Automotive Investments Limited

KFL

Kingfish Limited

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The City of London Investment Trust

The City of London Investment Trust

Description

Peers

TWR

SNC

MTF

HBL

HMY

WBC

ACE

GBF

IAG

MLN

NZA

KFL

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