James Goldstone’s UK equity strategy update
The sell-off across global markets has been widespread in recent weeks. Joanna Smith questions whether we have seen the market lows of this crisis yet.
The foundation of your portfolio
The investment approach is one of active, valuation-focused stock picking. With a typical investment horizon of three years, and regular interaction with company management, the portfolio manager is unconstrained and the holdings in the trust can deviate meaningfully from the benchmark.
Valuation is key, with 35%-45% of AUM held in the top 10 holdings.
As an area James has always thought about carefully, here he explains how he incorporates Environmental, Social, and Governance (ESG) principles in his investment process.Watch video
|Ordinary Share Price||2.4||-5.2||11.6||-13.4||23.3|
|Net Asset Value||7.2||1.5||13.2||-14.8||23.8|
|FTSE All-Share Index||1.0||16.8||13.1||-9.5||19.2|
Past performance is not a guide to future returns. Ordinary share price performance figures have been calculated using daily closing prices with dividends reinvested. NAV performance figures have been calculated using daily NAV with dividends reinvested. The NAV used includes current period revenue and values debt at fair. The FTSE All-Share Index performance shown is total return. All performance figures are in sterling as at 31 December. Years stated above refer to the full calendar year. Standardised past performance figures are updated on a quarterly basis. Source: Morningstar.
Ordinary shares - KID
Annual financial report 2019
AGM proxy votes 2020
Kepler research report
Company announcements (View on Morningstar)
Shareholder letter on change of auditor
Schedule of matters reserved for the board
Keystone Investment Trust plc - notice of redemption 2020 stock
Keystone Investment Trust plc - notice of redemption 2023 bonds
The Company’s objective is to provide shareholders with long-term growth of capital, mainly from UK investments.
Further details of the Company's Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company's Annual Financial Report.
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