Personal Assets Trust PLC (LON:PNL)


Founded in 1981, Personal Assets Trust Plc is a UK-based investment trust that operates for private investors, who may often have committed to it a substantial proportion of their personal wealth. The company aims to protect and increase the value of its shareholders' funds per share over the long term by satisfying the personal requirements of investors.  It also ensures that its shares always trade at close to net asset value through a combination of share buybacks at a small discount to net asset value and the issue of new or Treasury shares at a small premium to net asset value where demand exceeds supply. The company is listed on the London Stock Exchange as LON: PNL and is a constituent of the FTSE 250 Index.

The company has appointed Troy Asset Management Limited as its investment manager, it also acts as an investment adviser and operates within an investment universe, including bands and ranges. The company invests in multiple asset classes and geographies across the world and has a large investor base among private individuals, with its portfolio to have a lower level of risk than its benchmark Index the FTSE All-Share, although the composition of the index has no influence on investment decisions or the construction of the company’s portfolio. The company may invest in equities and fixed income securities and may also hold the derivative instrument and cash and cash equivalents to enhance or reduce its investment exposure and investment positions. It may also make use of currency hedging from time to time and its equity portfolio is typically concentrated in a shortlist of stocks and turnover tends to below. No more than 10% of its total assets should be invested in a single investment and in an exceptional situation its liquidity may be as high as 100% of the shareholders’ funds. Further, it can’t invest over 15% of its total assets in other investment trusts and listed investment companies.

Contact Information

company address 10 St. Colme Street, Edinburgh, EH3 6AA, United Kingdom

company website

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