The Bankers Investment Trust (BNKR) Overview

What is the Bankers Investment Trust?

Managed by Janus Henderson Investors, with fund managers Alex Crooke and Richard Clode. Bankers is a global equity Investment Trust that aims for long-term capital growth alongside rising income. Its formal objective is to beat the FTSE World Index on capital growth and to grow its dividend faster than inflation, as measured by the UK Consumer Prices Index (CPI). It does this by investing in listed companies around the world.

Rather than chasing short-term market moves, the team looks at the big forces reshaping the world, such as technological innovation, demographic change and the energy transition. It then brings its best ideas together into a focused global portfolio of high-quality companies that can grow, generate cash and support a dependable income.

Why is it rated by Boring Money?

How has Bankers performed?

All data herein is sourced from FE fundinfo and is correct as at the end of October 2026. Boring Money is not responsible for any data discrepancies.

Why look at it now?

Bankers has picked up pace recently. Over the past year its share price returned 21.5%, just ahead of the FTSE World Index at 20.9%. Over three years it is roughly level with the index (71.0% vs 71.7%).

The longer view is more mixed. Over five and ten years Bankers has trailed the index (56.9% vs 86.8%, and 192.5% vs 232.3%). Much of that gap came from a weak 2021/22, when the share price fell 11.4% against a 3.0% dip for the index. Its appeal is less about beating the index every year and more about combining global growth with a dividend that has risen for 59 years in a row.

The shares also trade at a 7.88% discount to their estimated net asset value (as at 15 October 2026), meaning you can buy £1 of assets for about 92p.

What is the risk rating for BNKR?

We rank this at 5/5 on our chilli scale for riskFor a guide on how spicy any trust is, we use FE fundinfo’s Risk Score and sort the trusts into one of our 5 chilli bands. Cash would be no chilli. A non-volatile smooth trust would be 1 or 2. The FTSE 100 would clock in as 4 chillies. Anything very volatile and spicy is a 5..

Bankers invests in shares, so its value will rise and fall with global stock markets. Around two-thirds of the portfolio is in North America and more than a third is in technology, so a sell-off in big US tech names would hit it hard. Most holdings are priced in currencies other than sterling, so exchange rates affect returns. The trust can also borrow to invest (net gearingThe act of borrowing money to fund a company's operations. It can be expressed as a ratio, where the cost of the borrowed amount is compared to the overall value of the company - this is called the gearing or leverage ratio. was 5% at end August 2026), which magnifies gains and losses. Some expenses, including part of the management fee, are taken from capital, which supports the income but can hold back capital growth. Best held for the long term as part of a diversifiedThe process of spreading your investment portfolio across different asset classes, such as partially in shares and partially in bonds, in order to reduce risk. portfolio.

What regions does BNKR invest in?

Geography: North America 64.6% | Europe Ex UK 10.5% | Asia Pacific (Ex JP, Ex CN) 10.1% | United Kingdom 3.6% | China 0.8%

What sectors does BNKR invest in?

Led by technology, alongside industrials and financials.

What are the top holdings?

Bankers is far less concentrated than many Trusts: its top ten holdings make up just under 30% of the portfolio, and no single stock is above 6%. The largest positions are the big US technology names, led by chipmaker NVIDIA, alongside Taiwan Semiconductor, Amazon, Microsoft, Apple and Alphabet. Beyond tech, it holds banks such as Japan Post Bank and JPMorgan Chase.

Source: The Bankers Investment Trust as at 30/09/2026

What are the key facts? 

Source: The Bankers Investment Trust as at 30/10/2026