One of the most consistent performers of the decade

31 July 2017

Martin Currie Global Portfolio Trust was recently highlighted as one of the most consistently performing investment trusts over the last decade. The announcement was made by the industry trade body, the Association of Investment Companies (AIC) who undertook the analysis looking at outperformance and volatility.

The AIC ranked its member investment companies by discrete annual returns and benchmarked outperformance against the overall average investment company. Share price (total return) was used to measure performance. 

Where two companies had the same consistency score, volatility of returns (standard deviation) was used to differentiate between them. This is based on past performance and it may be different in the future.

Investment process that delivers

Consistency of returns can be highly prized by investors and it is testament to the ongoing tenure of Portfolio Manager Tom Walker. Tom is a proven stockpicker with over 29 years’ experience who has managed the trust without interruption since 2000.

He is backed by Martin Currie’s wider and deeply resourced investment team of 54 investment experts that visit over 1,100 companies every year and the investment process has proven to identify high quality companies whose share prices have tended to be less volatile2.

Source: 1Martin Currie as at 30 June 2016, 2AIC, May 2017.


Past performance is not a guide to future returns

Source: Martin Currie and Morningstar. Bid to bid basis with net income reinvested over the periods shown in sterling terms. These figures do not include the costs of buying and selling shares in an investment trust. If these were included, performance figures would be reduced.

Prior to 30 June 2011 the Company’s benchmark was the FTSE All-Share index and the FTSE World index thereafter.

Important information

Information correct at time of publication.  This information is issued and approved by Martin Currie Investment Management Limited. Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested.

Please note that, as the shares in investment trusts are traded on a stockmarket, the share price will fluctuate in accordance with supply and demand and may not reflect the value of underlying net asset value of the shares.

Depending on market conditions and market sentiment, the spread between purchase and sale price can be wide. As with all stock exchange investments the value of investment trust share purchases will immediately fall by the difference between the buying and selling prices, the bid-offer spread. The value of investments and the income from them may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested.

The majority of charges will be deducted from the capital of the Company. This will constrain capital growth of the Company in order to maintain the income streams.