Toodle-oo, Theresa. Best investment funds to mark May's resignation

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Compiled by Jemma Jackson at Interactive Investor.


Herald Investment Trust - Katie Potts

Rebecca O’Keeffe, Head of Investment at Interactive Investor says:

“Manager Katie Potts has recently marked her 25th anniversary managing this trust, and in my view is one of the unsung heroes of the investment trust sector. Whilst past performance is no guide to the future, and this trust is at the racier end of the investment spectrum, Katie Potts has significantly outperformed the wider investment trust sector over the last 10 years. Despite this, the trust has always tended to sit on a stubbornly wide discount, although it has narrowed from around 16% as at 2nd April 2019, to 13% as at 23rd May 2019, according to AIC data. This compares to 4% for the wider investment trust sector as at 23rd May 2019.

“There’s no denying it is a little bit different, investing in smaller quoted companies in the areas of telecommunications, multimedia and technology. This trust sits just outside the broader technology sector and, like its manager, walks its own path in an AIC bespoke ‘Small Media, Comms and IT’ sector.”


Murray International - Bruce Stout

This internationally diversified, global equity income investment trust has been led by Bruce Stout for the past 15 years.

Moira O’Neill, Head of Personal Finance at Interactive Investor, says:

“Bruce Stout has long hunted for companies around the world with attractive valuations and good dividend and growth prospects, and this discipline has often led him far from the madding (investment) crowd. Stout has long been frank about the difficulties of investing in a world which has over-indulged in debt, with a straight-talking approach that many of today’s politicians could learn from and many investors are pleased with.”


City of London Investment Trust - Job Curtis

Rebecca O’Keeffe, Head of Investment at Interactive Investor says:

“With 27 years managing City of London under his belt, Curtis has played a major role in helping this company deliver over half a century of uninterrupted dividend increases despite the many crises experienced during that time. Curtis combines consistent long-term outperformance with a capital preservation mindset, which allows investors to grow their wealth without taking on excessive levels of risk.”

Scottish Mortgage Investment Trust - James Anderson / Tom Slater

Dzmitry Lipski, Investment Analyst at Interactive Investor, says:

The largest investment trust in the sector and the most popular trust of Interactive Investor customers, this is a flag-bearer for Baillie Gifford’s recent campaign to promote ‘actual’ investing – deploying cash into tangible, sustainable activities that allow companies to grow and prosper.

“‘Actual’ investment requires a willingness to be different, to accept uncertainty and the possibility of being wrong – but the long-term benefits are clear. This globally diversified fund also has exposure to unquoted companies – the growth stories of the future. It isn’t for the faint-hearted, but it has a clear, well defined, unflinching vision which even in the tough times will give investors comfort.”

Terry Smith, Fundsmith Equity

Lee Wild, Head of Equity Strategy at Interactive Investor, says:

“With trade wars having been a key investor concern over the last year or so, investors need a manager who is resilient, focused and committed. These traits are met and exceeded by Terry Smith, who has long recognised the value of picking global growth companies that are good value and building a long-term portfolio with them. With plenty of his own skin in the game, investing his own money alongside investors, Smith has an alignment of interests that many will appreciate.”

Lindsell Train UK Equity – Nick Train

Lee Wild, Head of Equity Strategy at Interactive Investor, says:

“An alternative, for investors who think that the current nightmare of UK politics and Brexit is going to end soon and are more positive on the future for UK stocks, is Lindsell Train UK Equity.

“Manager, Nick Train, stresses that he cares more about maintaining or growing the real value of investors’ capital and income over time than outperforming a stock market index, but that hasn’t stopped the fund being a runaway success. Its stellar performance makes it a firm contender for investors who are hoping that the UK stock market is finally going to come out of the shadows of Brexit and UK political turmoil.”



Thanks to Interactive Investor for sharing these pearls of wisdom. Check them out and compare them to other top investment platforms with our Best Buys tables. And good luck to you, dear investor, for making it through the Brexit kerfuffle! 

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