Investment companies celebrate a platinum jubilee

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Some 35 investment companies existed at the time of the Queen’s accession in 1952.

The data, compiled by the Association of Investment Companies, showed these companies have assets under management of £55bn.

James de Sausmarez, head of investment funds at Janus Henderson Investors, said success in investment funds is about doing what it says on the tin consistently through all the ups and downs of the markets. worlds and world events.

“AIC’s Dividend Heroes have raised the annual dividend through every major crisis of the past 55 years – the Three Day Week, the Crash of 1974, the Winter of Discontent, the Crash of 1987, the Financial Crisis Asia, the dot-com boom and bust, the financial crisis and most recently Brexit, the global pandemic and the Russian invasion of Ukraine.

“This long-term consistency coupled with good capital growth is why the investment company industry is over 150 years old and will continue to care for the wealth of many private investors for many generations to come. “

Speaking about how investment trusts have changed, Hamish Buchan, president of the AIC from 2005 to 2007, said the growth of alternatives has really changed the face of the investment trust industry.

“Without a doubt, this has greatly increased the size of the sector and its attractiveness.

“Alternatives offer a service to private investors and wealth managers, who cannot invest in these assets themselves, whether they are infrastructure or renewable energy companies for example.”

Max Ward, director and director of Independent Investment Trust and director of Scottish Mortgage Investment Trust from 1989 to 2000, said the most significant change in the industry was the decision to make the product more attractive.

“This includes greatly increasing the amount of information available to investors, simplifying the investment process (e.g. through savings plans and platforms), using redemptions to increase liquidity and add value at the same time, and leadership in cost reduction.

Investment companies created at least 70 years ago

Release date

Company

Sector

10-Year Total Share Price Return as of 05/20/22 (%)

20-Year Total Share Price Return as of 05/20/22 (%)

30-year total stock price return as of 05/20/22 (%)

Total assets

(£million)

March 19, 1868

F&C Investment Trust

Global

242.11

427.94

1.468.18

5,247.64

November 14, 1868

investment company

Flexible investment

90.26

131.34

1,601.09

16.69

February 01, 1873

Dunedin revenue growth

UK Equity Income

118.96

221.43

749.90

470.26

March 31, 1873

Scottish American

Global Equity Income

213.16

416.55

930.44

933.33

June 18, 1881

American JPMorgan

North America

348.43

542.06

2,391.74

1,446.31

December 08, 1884

Mercantile

United Kingdom All companies

171.39

456.16

1,715.34

2,135.60

April 21, 1887

JPMorgan Global Growth & Income

Global Equity Income

309.18

573.13

1,914.00

744.02

December 16, 1887

Henderson Small Business

UK small businesses

279.02

670.44

813.49

863.67

April 13, 1888

bankers

Global

223.27

452.06

1,510.75

1,535.95

April 21, 1888

Alliance Trust

Global

240.29

395.03

1,223.11

3,258.41

February 15, 1889

BMO Global Small Business

Global Small Businesses

188.64

759.21

1,895.40

952.27

February 16, 1889

Merchants

UK Equity Income

175.53

299.03

1,070.03

845.32

March 01, 1889

Investing in Edinburgh

UK Equity Income

97.50

261.27

687.32

1,259.44

July 01, 1889

Global AVI

Global

194.05

568.97

2,534.25

1,126.14

December 12, 1889

Law Debenture Company

UK Equity Income

203.70

537.67

2,015.79

1,159.56

January 01, 1891

City of London

UK Equity Income

129.88

293.17

986.71

1,988.47

January 05, 1898

Aberdeen Diversified Income and Growth

Flexible investment

45.68

103.65

372.00

391.89

May 05, 1905

TR property

Property titles

286.08

944.04

4,045.26

1,599.96

May 02, 1906

BlackRock Small Businesses

UK small businesses

253.48

1,053.29

2,214.78

905.33

January 24, 1907

Baillie Gifford China Growth

China/Greater China

74.38

222.56

353.17

190.61

December 18, 1907

Murray International

Global Equity Income

111.68

602.39

1,518.56

1,803.52

February 17, 1909

witan

Global

198.60

327.33

1,128.13

1,851.74

March 17, 1909

Scottish Mortgage

Global

526.69

1,317.95

3,480.92

13,944.69

January 01, 1912

Hansa Investment Company (Ord)

Flexible investment

40.32

322.11

1,466.37

362.09

June 07, 1923

Murray’s Income

UK Equity Income

113.75

268.22

949.06

1,153.85

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