Although its name provides little away, Law Debenture attempts to deliver a mix of capital and income growth for shareholders by buying the UK stock market. It’s a job the supervisor effectively will quietly and, although this investment trust is just a little different from most of its rivals. IPS provides professional services to pension and companies techniques, accounts for greater than a tenth of the trust’s £927million of assets and in the first six months of this 12 months increased its profits by a healthy 6.9 %.
Among its many services, it operates whistleblowing subsidiary Safecall that allows employees of subscribing companies to record in confidence issues of concern that if not acted upon quickly could cause reputational damage to employers. TRUST WATCH: Merian Chrysalis Investment Trust Could Brexit inflate property funds again? While IPS provides the trust’s stable backbone, the rest of the assets are invested by global manager Janus Henderson.
For the past 17 years, the individual in charge of managing Law Debenture has been James Henderson. Currently, he has the trust 77 % invested in the UK although the intention is to take this beyond 80 %. Altogether, the fund has 135 holdings which Henderson says helps protect the trust’s income if one or two holdings cut their dividends.
Although Henderson admits further uncertainty over Brexit could impact adversely on both value of sterling and the united kingdom stock market – and by implication the trust’s possessions – he could be not unduly worried. Indeed, if … Read the rest