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Thu, December 12, 2024
[ 03:41 AM ] - United States, Seeking Alpha
VT: Simple Low-Cost Diversification

This trust is a strong Rothschilds challenger - and it's on sale


Published on 2024-12-12 01:21:07 - The Daily Telegraph
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  • It's early days for this old fund under a new manager but this is a good time to buy Questor is The Telegraph's stockpicking column, helping you decode the markets and offering insights on where to invest.

The article from The Telegraph discusses Majedie Investments, a UK investment trust that has recently undergone a significant transformation under new management. Previously underperforming, Majedie has revamped its strategy by reducing its focus on UK equities and diversifying into global stocks, managed by external fund managers like BlackRock and SGA. This shift has led to a notable improvement in performance, with the trust now outperforming its benchmark, the MSCI All Country World Index. The article highlights that Majedie's shares are trading at a 14% discount to its net asset value, suggesting it could be an attractive investment opportunity, especially when compared to similar trusts like RIT Capital Partners managed by the Rothschild family. The new approach includes a mix of direct equity investments, fund investments, and private equity, aiming for a more balanced and potentially less volatile portfolio.

Read the Full The Daily Telegraph Article at:
[ https://www.telegraph.co.uk/money/investing/stocks-shares/majedie-investments-bargain-challenger-to-rothschild/ ]

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