Gartmore Investment Trusts : Global Trust plc
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Fund Manager
Brian O'Neill |
Registered Office
Gartmore House
8 Fenchurch Place
London
EC3M 4PB
Company No: 237017 England & Wales |
Fund Summary
- A fund offering exposure to investments around the
globe
|
Key Facts
| Total Assets |
£132.0 million |
| Number of Holdings |
76 |
| Net Yield |
2.3% p.a. |
| Management Fee |
0.6% p.a. on first
£200m of Total Assets; 0.35% p.a. thereafter |
| Year End |
31 January |
| AGM |
May |
| Results Announced |
March,
September |
| Dividend Paid |
April,
November |
| Listed |
1956, The London
Stock Exchange |
| Broker |
Winterflood
Investment Trusts |
| Directors |
Richard Bernays
(Chairman), Miriam Greenwood, Richard Hills, Lance Moir, Richard
Stone |
| Capital Structure |
40,807,163 Ordinary
Shares
£1,000,000 Cumulative 3.75% Preference
Stock | |
Literature
Corporate Governance
Company Announcements
Fund Manager
Brian O'Neill |
Brian O'Neill
Senior Investment Manager
Brian joined Gartmore as a Senior Investment Manager on the
Global Equities team in 1981 with responsibility for a variety of
global funds. Specifically he is the manager of Gartmore Global
Trust PLC and has responsibility for Global Institutional
Funds.
Brian began his career with Royal Insurance as an investment
analyst specialising in UK research. He expanded his field of
expertise to include management of global equities later moving to
Anthony Gibbs & Sons where he was appointed as a fund manager,
specialising in global equities.
Brian graduated from Glasgow University in 1969 with an Honours
degree in Political Economy. |
|
Fund Objective
- Long-term capital growth grom a concentrated portfolio of
international equities. Although not a primary objective, the
dividend is expected to rise over the longer term.
Investment Policy
- The core of the portfolio will comprise 40 stocks, which will
normally represent 80% of the portfolio.
- The Manager aims to outperform by at least 2% the composite
benchmark, which comprises 50% FTSE All-Share Index and 50% Morgan
Stanley Capital World Index ex UK. This is consistent with the
fund's target tracking error of not more than 5%.
- The Manager seeks to add value by using the Company's trading
subsidiary to take advantage of short-term opportunities.
- Share buy-backs are used to manage the discount at which the
Ordinary shares trade relative to the net asset value and to
enhance shareholder value.
- Liquidity and use gearing are managed to maximise returns to
shareholders.
|
Important Information
The value of investments and the income from them may go
down as well as up and you may not get back your original
investment. Investment trusts can borrow money to make additional
investments on top of shareholders' funds (gearing). If the value
of these investments falls in value, gearing will magnify the
negative impact on performance. Particular share classes may also
be structurally geared by other share classes that have earlier
entitlement to the Company's assets up to a predetermined limit. If
an investment trust incorporates a large amount of gearing the
value of its shares may be subject to sudden and large falls in
value and you could get back nothing at all. The level of yield may
be subject to fluctuation and is not guaranteed. Emerging markets
tend to be more volatile than more established stock markets and
therefore your money is at greater risk. Other risk factors such as
political and economic conditions should also be considered. Funds
investing in overseas securities are exposed to and can hold
currencies other than Sterling. As a result, exchange rate
movements may cause the value of investments to decrease or
increase. Some or all of the annual management fee is currently
charged to the capital of the Fund. Whilst this increases the
yield, it will restrict the potential for capital growth. Net Asset
Value ("NAV") performance is not the same as share price
performance and investors may not realise returns the same as NAV
performance.
Past performance is not a guide to future performance. The value of
investments and the income from them may go down as well as up and
you may not get back your original
investment. |