A champion for shareholders
A quick look at the steps which the Board of Keystone Investment Trust plc (Keystone) has taken to make things better for shareholders…
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.
James Goldstone's Investment Trust outlook
As the scale of the Covid-19 pandemic unfolds, James Goldstone explains his investment approach, what it means for markets, the companies he owns in his investment trusts, and how they are positioned for what may lie ahead.
Webcall replay: James Goldstone - UK Equity Strategy
James Goldstone, UK Equities Fund Manager, updates on the Keystone Investment Trust plc and Invesco Perpetual Select Trust plc – UK Equity share portfolio.
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.
Owning gold equities
James discusses why he holds gold equities in his portfolios.
Environmental, Social and Governance: an area of both risk and opportunity?
Valuation is key
James explains how he puts his investment philosophy to work.
|Ordinary Share Price||-6.9||12.8||2.9||-7.2||-16.9|
|Net Asset Value||1.4||10.3||5.3||-6.1||-13.7|
|FTSE All-Share Index||2.2||18.1||9.0||0.6||-13.0|
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 30 June 2020 unless otherwise stated. Standardised past performance figures are updated on a quarterly basis. Source: Morningstar.
Company announcements (View on Morningstar)
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.
When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. The Trust privacy notice explains how we use and protect your personal data.
The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
The product uses derivatives for efficient portfolio management which may result in increased volatility in the NAV.
The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.
The product invests in smaller companies which may result in a higher level of risk than a product that invests in larger companies. Securities of smaller companies may be subject to abrupt price movements and may be less liquid, which may mean they are not easy to buy or sell.
As a result of COVID-19, markets have seen a noticeable increase in volatility as well as, in some cases, lower liquidity levels; this may continue and may increase these risks in the future. In addition, some companies are suspending, lowering or postponing their dividend payments, which may affect the income received by the product during this period and in the future.