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Financial Times Guide to Investment Trusts John Baron

Financial Times Guide to Investment Trusts By John Baron

Financial Times Guide to Investment Trusts by John Baron

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Financial Times Guide to Investment Trusts Summary

Financial Times Guide to Investment Trusts: Unlocking the City's Best Kept Secret by John Baron

A comprehensive and practical guide to investment trusts. These investment vehicles have been underused by investors in the past, but that is set to change now that the Retail Distribution Review has banned commissions and put investment trusts on a level playing field. The book explains what investment trusts are and focuses on how to construct and run a trust portfolio. It offers investors, both experienced and novice, a concise and jargon free guide to these lucrative investment vehicles.

Financial Times Guide to Investment Trusts Reviews

Investment trusts are often thought of as being complicated or only for City types. John Baron shows clearly that they are neither, and can be used effectively by anyone looking to make the most of their money. Jonathan Eley, editor, FT Money

About John Baron

John Baron has used investment trusts in both a private and professional capacity for over 30 years. On leaving the Army, he entered the City as a fund manager running a range of portfolios for private clients and charities. He was a Director of Henderson Private Clients, and then a Director of Rothschild Asset Management having been approached to run their private client core UK equity portfolio. He is best known to readers of the FT's Investor Chronicle magazine for having successfully run two live investment trust portfolios as measured by their appropriate APCIMs Growth and Income benchmarks. He also speaks at investment seminars On entering politics, John has sat on the other side of the fence helping charities monitor their fund managers. He remains a member of the Chartered Institute for Securities & Management.

Table of Contents

Foreword Introduction: The changing landscape Chapter 1: Structure and scope * What are investment trusts? * Net asset value (NAV) * Discounts and premiums * Price and size * Range and reach Chapter 2: Better performance * Share prices * NAV comparison * Clear message * The strange case of 'Mirror funds' Chapter3: Cheaper Fees * Charges compared * Effect on returns * Lessons from America * The TER and more Chapter 4: Discount opportunities * Their importance * Factors affecting * Judging opportunities * The long term Chapter 5: Other advantages * Gearing * Board of Directors * Shareholder power * Long term investing * Marketability * Dividends * Capital changes Chapter 6: The disadvantages * Unhelpful gearing * Widening discounts * Poor liquidity * Rising fees * The result! Chapter 7: Useful miscellany * Directors' shareholdings * Report & Accounts * Doing the splits * ETFs and trackers * Portfolio turnover Chapter 8: Investment objectives * Risk tolerances * Income requirements * Time horizons * Currency and other considerations * Choosing a benchmark Chapter 9: Successful investing * Getting started * Staying invested * Diversification * Importance of dividends * Some other secrets! Chapter 10: Portfolio construction * The Investors Chronicle portfolios * Balancing capital and income * Themes and geography * Risk and reward * Some golden rules Conclusion

Additional information

GOR005637844
9781292001562
1292001569
Financial Times Guide to Investment Trusts: Unlocking the City's Best Kept Secret by John Baron
John Baron
The FT Guides
Used - Very Good
Paperback
Pearson Education Limited
20130815
168
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Financial Times Guide to Investment Trusts