We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Monks Investment Trust Plc | MNKS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 10.00 | 0.89% | 1,138.00 | 16:35:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,130.00 | 1,130.00 | 1,144.00 | 1,138.00 | 1,128.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 22/6/2022 15:45 by sparrow357 @ Mozyjust watched most of the May 2022 Monks podcast hxxps://www.baillieg 17 mins in he said he had all his SIPP in Monks and schiehallion trust |
Posted at 22/7/2021 15:56 by peterbill The history of Monks Investment Trust ...Born on the eve of a global depression, the trust has cultivated its instinct for growth over nine decades, always staying focused and flexible, on the right side of great global changes. Continuing our series of investment trust histories, John Newlands tells the story of Monks. |
Posted at 24/5/2019 12:18 by peterbill Monks Top Ten Holdings Holdings % of Total Assets1 Naspers 3.52 Amazon.com 3.33 Prudential 3.34 Alibaba 2.75 AIA 2.26 Anthem 2.17 The Schiehallion Fund 2.08 Alphabet 2.09 MasterCard 1.910 Moody's 1.9 Total 25.0From the Factsheet ... |
Posted at 05/10/2018 08:29 by robow Quiet thread this!from yesterdays Daily Telegraph Questor: looking for one trust that you’ll never have to sell? This is the on Questor investment trust bargain: very wealthy savers can’t afford to switch funds – they would face a huge tax bill. Which one should they buy if they want to hold it forever? It is, Questor supposes, a nice problem to have: if you have so much money to invest that it cannot be protected from tax in an Isa or pension, and you would therefore face capital gains tax if you had to switch from one fund to another, which “hold for life” fund should you choose? The question was aired recently by someone whose wealth would certainly exceed the Isa and pensions limits – Peter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, Britain’s biggest broker. Hargreaves went so far as to found an asset management firm and recruit a team of fund managers so that he had access to a portfolio to which he could entrust his money for the long term. That firm is Blue Whale and its lead manager, Stephen Yiu, has provided two successful tips for Questor’s Follow the Money column. But here we focus on investment trusts, so we must ask the question: which quoted portfolio should you buy if, for tax reasons or any other, you won’t want to sell it for years or even decades? We asked John Husselbee, who runs multi-asset portfolios for Liontrust, for advice. His pick as the best “never sell” trust was Monks, which has been tipped by Questor in the past. “If this is your remit the first thing you need is patience – you need to respect the fact that there is no such thing as consistency of performance but there is consistency of process and investment style,” he said. “If you want to buy and hold for a decade or more, it doesn’t make a big difference when you buy. “The second thing you want is diversification. Over such a long period it’s best to be in shares, which means that a globally diversified portfolio of stocks is the answer.” He said there were “plenty to choose from” – options included Witan and Bankers, both also tipped here in the past – but his pick was Monks. “The rationale starts with the management company, which in this case is Baillie Gifford,” he said. “It is committed to the investment trust structure, as one of the biggest managers of trusts, and its own corporate status as a partnership suggests that it will be around for a long time and not get involved in the mega-mergers seen elsewhere in fund management, which do not always lead to better results for investors.” He said he preferred managers who had been through a couple of market cycles. However, choosing a very experienced investor does mean that a long-term holder is likely to have to deal with the manager’s retirement at some stage – something that was on Peter Hargreaves’ mind when he picked 40-year-old Stephen Yiu. Monks’ lead manager, Charles Plowden, is 57 and has been in the fund management industry for 35 years. But Husselbee said the retirement of a manager would be less of a problem when a fund was run on a consistent basis according to a specified process, as he said Monks was. “I’m happy with the strength in depth and established process within a house such as Baillie Gifford. There are checks and balances in place,” he said. “In these circumstances the fund manager becomes more the steward of the process and less the star on whom everything depends.” He said the firm had long experience of investing in growth stocks, which is very much Monks’ style: its largest holding is Amazon and the top 10 also includes Alphabet (Google’s parent company) and Alibaba. There are 59 holdings in all. “You are also getting this portfolio for a very reasonable cost of 0.52pc a year,” Husselbee said. Questor says: buy Ticker: MNKS Share price at close: 833p |
Posted at 12/11/2012 17:28 by darwenlad Dear Blue Bird, Monks' fund manager has just spent £1m, NOT £100,000 on increasing his stake in MNKS.It ought to be a reassuring sign given that he chairs Baillie Gifford's Investment Advisory Group. Then again it might be a sign of panic given Monks's terrible performance this year. (It is highly unusual for fund managers, as opposed to Investment Trust directors, to publicise the scale of their investments in the funds they manage.) I am a long-term investor and prepared to give MNKS' manager the benefit of the doubt for the moment. Over a 10-year period its performance is good, but its underperformance over 1/3 years may explain why it is trading at a 15.4% discount which is higher than its average and contrasts starkly with the rating of the two other global trusts in the Ballie Gifford stable:Scottish Mortgage (7.65% discount) and Mid-Wynd (2% premium). Even Alliance Trust is trading at a smaller discount than MNKS, and its long-term performance has been miserable. However, if MNKS' performance has not improved substantially a year from now, then the trusts's supposedly independent board should be organising a beauty parade for a new manager, preferably from outside the Baillie Gifford stable. |
Posted at 07/2/2012 16:13 by peterbill hxxp://www.bailliegiBaillie Gifford is one of the UK's leading independently owned investment management firms. It is owned and run by 36 of its senior executives who operate as a partnership, a structure which has endured for over a century and which provides stability for clients and motivation for employees. It enables us to manage the business for the future as well as the present, with the emphasis on genuine long–term thinking rather than lurching haplessly between short term targets. Monks - A history of the Trust Monks was incorporated in 1929 and was one of three trusts founded in the late 1920s by a group of investors headed by Sir Auckland (later Lord) Geddes. The other two trusts were The Friars Investment Trust and The Abbots Investment Trust. The company secretary's office was at 13/14 Austin Friars in the City of London hence the names. Sir Auckland Geddes was a former Professor of Anatomy who, during the First War, had become Director of Recruiting at the War Office. He then went on to become a Unionist MP and a Cabinet Minister as President of the Board of Trade. Monks' first investments included large holdings of railway and energy companies in the UK, USA, Germany, Australia and South America, and also investments in Chinese Government bonds and Hungarian bonds. The geographic split in the first year was 29% UK, 18% Europe, 13% The Commonwealth, 10% USA, 12% Latin America, 6% Asia, 2% Africa and the remainder in other international markets. Half was invested in ordinary shares and half in fixed interest stocks and preference shares. In 1931, Baillie Gifford & Co took over the management of all three companies and Monks became a founder member of the Association of Investment Trusts in 1932, of which Carlyle Gifford, the co-founder of Baillie Gifford & Co, was Deputy Chairman. Before the Second World War there were two issues of debentures stocks in 1933 and 1935. By 1935 the UK portion had risen to 46% and investments in ordinary shares accounted for 59%. There were restrictions on foreign holdings during the Second World War, and by 1957 investment in the USA had increased to 31%. In 1968, under a Scheme of Arrangement, the three trusts were merged with Monks acquiring the ordinary share capital of Friars and Abbots. Monks continues to invest on an international basis with a view to achieving capital growth. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
