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James Anderson has run this trust since 2000, with Tom Slater becoming co-manager in 2014. Anderson is a long-term believer in the power of technology and fiercely committed to running a high-conviction portfolio of companies that will change the world. The trust has 85 holdings, with the top 10 accounting for almost half of assets. He warns that such an approach can result in periods of underperformance but expects to be judged over at least five and preferably 10 years. Over 10 years, the trust’s shares have risen by almost 500%, more than double the FTSE All-World index return of 212%.
The duo believe many of the most exciting companies now wait until their fastest growth period is over before seeking a stock market listing. To that end, they can invest up to a quarter of assets in unquoted companies, with their allocation here rising from 13% in 2018 to 22% in 2019. With this in mind, the trust is not appropriate for lower-risk investors.
Economies of scale have seen the trust’s ongoing charges fall to an incredibly low 0.37%. For the past six years, its shares have tended to trade at a small premium to net asset value but can sometimes be picked up at a modest discount.
Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.
Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab.
The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.
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Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.
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In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.