Has Brexit stopped you investing in UK Trusts?


Has Brexit stopped you investing in UK Trusts

  • Yes
  • No

0 voters


it did initially but I think the UK market is cheap enough now so I’ve started buying again.


Given that many uk companies have substantial overseas revenues, why should I?


I fully intend to use my full ISA allowance next year but maybe not in April. Interesting article on the AJ Bell website regarding UK shares https://www.youinvest.co.uk/articles/investmentarticles/160928/brexit-divides-uk-stock-market. Any thoughts anyone?


The’re as cheap as chips! UK focused trusts like Perpetual Income & Growth, Edinburgh and Keystone have been bashed to hell. Rights & Issues not so much but then he holds oligopolies. But you must balance this binary outcome with global stocks. It will all be down to sterling in the end.


Yeah, good point @james_pigott I’m thinking of topping some of my UK holdings up because if we get no deal, a lot of that will be price din already (not all of it), and it looks like a reasonably good opportunity to get in cheap, maybe not at the bottom but that beyond my skill set, but very good value nonetheless.


I’ve been increasing my UK exposure via the Invesco Income Growth trust (IVI.L). Despite mediocre performance figures recently - partly down to its cautious and defensive style - the portfolio looks sound and it’s trading at a discount of around 14%. The trust doesn’t use a discount control mechanism, unlike many similar trusts, so I feel that in time the discount will narrow - and with a yield of 4.4% I get paid to be patient.
Any thoughts?


Thanks for highlighting the discount which does look appealing. Fee is a bit steep for a UK trust but I like it that (while they charge half of their management fee to capital) the dividends are still covered by net income. I bought Law Debenture for the same reasons although they do have a wider remit, but I can never make up my mind whether I want the exposure to their fiduciary services business which I believe accounts for around 13% of their NAV.


I voted No, but it has now! I’m holding fire on this binary outcome…