Fiona Hamilton

High-yielding Merchants’ emphasis on value proves profitable

The Merchants Trust (MRCH) is managed by Allianz Global Investors. It invests mainly in large UK-quoted companies for an above-average and consistently rising dividend and long-term capital growth. Its annual report for the year to 31 January 2018 shows shareholders’ assets of £593 million.

Manager Simon Gergel has a long-term value focus and invests in ‑ firms with strong franchises and sound finances he expects to deliver high income and good returns.

Jupiter's Darwall finding European opportunities aplenty

Jupiter European Opportunities Trust (JEO) invests in European equities for long-term capital growth. Although its benchmark is the FTSE World Europe ex UK Total Return index, it generally has a significant UK exposure. Its report for the year to 31 May 2018 shows shareholders’ assets of £873 million.