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AITC celebrates golden years

The 45 investment trusts that have been in existence from the time of the Queen&#39s coronation in 1952 until today are still providing excellent value for investors, according to the Association of Investment Trust Companies.

Research by the AITC to celebrate the Queen&#39s Golden Jubilee focused on the performance of trusts such as those from Foreign & Colonial, Scottish American, JP Morgan Fleming and Henderson.

It canvassed the views of top IFAs on which fund managers have enjoyed the longest, most successful careers and who will be the fund managers of the future.

The AITC highlights how Michael Moule started managing the Bankers investment trust in 1977, the year of the Queen&#39s Silver Jubilee, and has produced a return of over 200 per cent in the last 10 years alone. Anthony Bolton has been at Fidelity special values since 1994.

Hargreaves Lansdown head of research Mark Dampier says: “Those who stand out through their longevity, experience and strong, consistent performance include John Walton at British Empire securities trust, Michael Moule, Anthony Bolton and Ian Rushbrook at Personal Assets. Colin McLean at Scottish Value has also enjoyed strong, consistent performance.”

Whitechurch Securities director Warren Perry says: “As for up and coming fund managers, you could not go far wrong with Graham Kitchen at Invesco. The income and growth investment trust is a traditional equity income fund in an investment trust wrapper and has performed very well.”

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