Rated Fund 2013-2017. Still benefiting from Lord Rothschild's active involvement
This trust won Money Observer's Best Mixed Asset Trust award in 2016. It is one of just 12 investment trusts included in the Association of Investment Companies' flexible investment sector created at the beginning of 2016. Launched in 1988, it was one of the first trusts to adopt this strategy.
It can trace its origins back to the earlier Rothschild Investment Trust, which was originally associated with the family bank, N. M. Rothschild & Sons. It still has strong family connections. Lord Rothschild remains as chairman and he and his family are the largest shareholders.
A major attraction of the trust is the active involvement of Lord Rothschild and the fact that capital preservation is one of its guiding principles.
It also sets out to beat inflation by 3 per cent as well as the MSCI All Country World index. In order to achieve this objective it has a widely diversified, international portfolio across a range of asset classes, both quoted and unquoted, partly via external managers to ensure it uses the best talent available.
Its investment director since 2012 is Ron Tabbouche, who is responsible for combining thematic investing with individual securities, and private investments with quoted stocks.
The portfolio is split into different asset categories - quoted equities, private investments, absolute return & credit, real assets, and liquidity and borrowings. Its currency exposure is managed to protect sterling investors from unwanted currency moves, as well as providing a source of returns.