Factsheet: Bankers Ord
Global Equity Income
Rated Fund 2013-2018. Seeks good total returns from income and capital
Bankers previously appeared in our Global Growth asset group, but in 2017 we switched it into the Global Equity Income category to reflect its impressive record of dividend income increases.
Although its yield is a relatively modest 2.2 per cent, Bankers, one of the UK's oldest investment trusts, has one of the longest records for consecutive annual dividend increases, at 51 years. It also aims for dividend growth in excess of the increase in the retail prices index.
Bankers has separate regional portfolios covering the UK, Europe ex UK, North America, Japan, Asia Pacific ex Japan, China and emerging markets, which are managed by regional specialists. It has a very well diversified portfolio with nearly 200 holdings. Alex Crooke, its manager since 2003, is responsible for the asset allocation of the trust, deciding how much to invest in different markets.
Crooke takes a keen interest in global developments and how government policies are shaping the fortunes of different countries and regions. He also runs the UK segment, which has been reduced from just under a half of the portfolio to just over one quarter in recent years. A similar proportion is invested in North America. Following the reduction in the UK element, Bankers' exposure to the Pacific region, Europe and Japan has increased.
The shares can typically be bought at a small single-digit discount to net asset value, and have traded within a range of -11.7 per cent to +3.4 per cent in the past three years.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|BP PLC||1.63 %|
|Microsoft Corp||1.55 %|
|Apple Inc||1.52 %|
|British American Tobacco PLC||1.52 %|
|American Express Co||1.44 %|
|FedEx Corp||1.34 %|
|Royal Dutch Shell PLC B||1.31 %|
|Comcast Corp Class A||1.29 %|
|Xylem Inc||1.26 %|
|Facebook Inc A||1.26 %|
|United States||27.58 %|
|United Kingdom||25.55 %|
|Asia - Emerging||11.28 %|
|Financial Services||20.03 %|
|Consumer Cyclical||14.43 %|
|Consumer Defensive||11.07 %|
|Communication Services||5.68 %|
Alex Crooke was appointed Head of Global Equity Income in 2013, bringing together all the equity focussed income teams within Henderson. Alex joined Henderson in 1994 as an Associate Director of Investment Trusts after starting his investment career as a US investment analyst with Equitable Life Assurance Society in 1990. He was recruited by Henderson to co-manage the UK assets of an Investment Trust. His role broadened out within Henderson to become fund manager for a number of income based funds. Alex has been managing Trusts at Henderson for 18 years and is co-manager and lead manager on a number of funds. Alex graduated from Manchester University with a BSc (Hons) Physics with Astrophysics and is an Associate Member of the Society of Investment Professionals (ASIP).
Data provided by Morningstar.
The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.
This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.
You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.