Merchants Trust outperforms in testing year
Chairman Colin Clark expects more tailwinds after the trust bested much of its sector last year
Chairman Colin Clark expects more tailwinds after the trust bested much of its sector last year
Board expects to progress with an investment adviser appointment in the coming weeks
They need to start future-proofing the business
Investors sought safety in commodities and fixed income during a volatile month
Experts say financial conditions are already tight and summer rate cuts are on the cards
$17bn worth of contingent convertible bonds wiped out following UBS takeover
Current manager Noelle Cazalis is exiting the firm after 12 years
With too narrow a focus on bricks-and-mortar investors might be missing out on mispricing opportunities
Cost-of-living crisis is hampering their ability to invest
The 155-year-old trust’s investment policy is in line for a considerable shake up
Net asset value rose 3.9% in the year to 31 December 2022, beating its benchmark
The firm sees a ‘structural market opportunity’ in the sector