Kepler Trust Intelligence names 54 'top' trusts for 2024
Categorised into Growth, Income & Growth and Alternative rated funds, the list 'celebrates the top investment trusts' across the three categories.
Categorised into 'Growth', 'Income & Growth' and 'Alternative Rated Funds', the list «celebrates the top investment trusts» across the three categories.
The ratings are compiled via Kepler's proprietary, quantitative rating system, which it said is designed to highlight trusts which have demonstrated attractive and consistent performance characteristics over the long-term and taking advantage of the investment trust structure to benefit shareholders.
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Thomas McMahon, investment trust research manager at KTI, reflected on the past year for markets and investment trusts, noting investors «saw challenging macro conditions filter down into the investment trust space, but many funds in the sector have proved resilient».
«Our 2024 ratings highlight a suite of trusts with different styles and strategies, all of which have a proven track record of strong risk-adjusted performance versus underlying markets and a stable management team,» he added.
For the ‘Growth Rated Funds' category, there were 20 names, with KTI highlighting Dunedin Income Growth (DIG), Murray Income Trust (MUT) and JPMorgan Global Emerging Markets Income (JEMI) highlighted as «strong» performers.
Ashoka India Equity (AIE) joined the list for the first time, ranking second overall, «given its outstanding active record», according to KTI.
From the ‘Income & Growth Rated Funds', 20 trusts made the cut, with small and mid-cap-focused funds a «prevalent» theme.
KTI analysts said «low valuations, particularly in the UK, have created
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