The City of London Investment Trust
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
HFL
Henderson Far East Income Limited
NZC
Smartshares NZ Cash ETF
IAG
Insurance Australia Group Limited
MZY
Smartshares Australian Mid Cap ETF
MTF
Motor Trade Finance Ltd
BIT
The Bankers Investment Trust Plc
NPF
Smartshares NZ Property ETF
TEM
Templeton Emerging Markets Plc
JPG
JP Morgan Global Growth & Income PLC
NZG
Smartshares S&P/NZX 50 ETF