City of London Investment Trust
Dividend-producing trust
City of London Investment Trust is a large UK investment trust focused on UK equities. Established in 1891, the company is a constituent of the FTSE 250 Index. The fund has been managed by Janus Henderson Investors' Job Curtis since 1991, one of the longest tenures in the industry.
The Trust has a reputation as an income-producing investment trust, becoming one of just three to reach the milestone of 50 consecutive years of rising dividends in March 2016. It is one of the largest of the UK equity income trusts, with one of the lowest ongoing charge ratios.
About 69% of the portfolio is invested in UK blue-chip companies, typically businesses operating globally and investing in economies likely to grow faster than the UK. A further 19% is in medium-sized UK companies and the remaining 12% is in companies listed overseas. The portfolio is diversified with more than 100 holdings.
Investment Trusts
Figures from the AIC show that 45% of investment trusts have now had the same manager for at least a decade, with a select few having been in charge for a quarter century.
24 June 2015
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Investment Trusts
The £959m City of London investment trust, headed up by Job Curtis (pictured), has dropped its performance fee in a move to become more attractive to retail investors.
31 July 2013
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Investment
Morningstar has named the ten most popular investment trusts investors paid close attention to during Q1.
12 April 2013
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Investment
Sally Macdonald has joined Marlborough Fund Managers in the newly created position of head of Asian equities, as the firm looks to expand its presence in the space.
14 January 2013
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Equities
Henderson's Job Curtis, manager of the City of London Investment Trust, has taken profits from tobacco giant British American Tobacco (BAT) after a stellar decade for the group.
14 November 2012
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Investment
One could be forgiven for feeling slightly more optimistic about the future of the investment trust sector after a number of key corporate battles in recent months.
19 September 2012
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Investment Trusts
Three advisers argue the case for investment trusts and reveal some of their favourites.
13 March 2012
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Investment Trusts
Lawrence Gosling talks to James de Sausmarez, director and head of investment trusts at Henderson Global Investors, about the advantages and disadvantages of using investment trusts in a client's portfolio
26 September 2011
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