How I pick investment trusts – and the ones I'm never selling

TL;DR

Peter Hewitt discusses managing growth and income investment trust portfolios, selecting trusts based on annual reports, manager meetings, performance outlook over discounts.

Transcript

foreign Peter Hewitt manager of the CT Global managed portfolio trust which is an investment Trust of investment trusts and comes in both income and growth versions Peter thank you very much for coming into our studio yep well it's great to have you here can you please explain to me what the differences are between the growth and the income trust a... Read More

Key Insights

• ❓ Peter manages a CT Global trust with growth and income versions.
• 🔠 The growth portfolio focuses on capital growth, while the income portfolio offers a 5.5% yield.
• 🈹 Trust selection involves annual reports, manager meetings, and performance outlook over discounts.
• 🍉 Peter focuses on technology and healthcare trusts for long-term growth opportunities.
• ❓ UK trusts have been a focus for Peter this year due to attractive valuations.
• 🥹 Peter holds trusts for the long-term, especially those with strong growth prospects.
• 🧑‍🏭 Trust discounts are a factor but not the most critical in investment decisions.

Questions & Answers

Q: How are the growth and income trust portfolios different, and what are their objectives?

The growth portfolio aims for capital growth without dividends, while the income portfolio provides 5.5% yield with growing income and some capital growth.

Q: How does Peter select investment trusts, and what factors does he consider?

Peter selects trusts based on annual reports, manager meetings, performance outlook, debt details, fund manager experience, and management style.

Q: How important are trust discounts in investment decisions, according to Peter?

Trust discounts are considered, but Peter focuses more on the assets' long-term performance and the trust's potential to generate returns rather than solely on discounts.

Q: Which trusts has Peter bought this year to access UK market opportunities?

Peter has bought Fidelity special values, Lord adventure, lowland, Aurora, Henderson opportunities, city of London, Temple Bar, and Merchants trust to access UK market opportunities.

Summary & Key Takeaways

• Peter Hewitt manages a CT Global managed portfolio trust with growth and income versions.

• The growth portfolio focuses on capital growth, while the income portfolio offers a 5.5% yield for growing income.

• Peter selects investment trusts based on annual reports, manager meetings, and portfolio performance outlook over discounts.