Share Name Share Symbol Market Type Share ISIN Share Description
Monks Investment Trust Plc LSE:MNKS London Ordinary Share GB0030517261 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  12.00 0.86% 1,406.00 267,014 16:29:39
Bid Price Offer Price High Price Low Price Open Price
1,406.00 1,410.00 1,410.00 1,394.00 1,400.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 22.53 5.84 3.42 411.1 3,296
Last Trade Time Trade Type Trade Size Trade Price Currency
17:50:17 O 201 1,407.103 GBX

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22/7/202115:56Monks Investment Trust46

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Monks Investment Daily Update: Monks Investment Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker MNKS. The last closing price for Monks Investment was 1,394p.
Monks Investment Trust Plc has a 4 week average price of 1,356p and a 12 week average price of 1,246p.
The 1 year high share price is 1,490p while the 1 year low share price is currently 1,074p.
There are currently 234,448,859 shares in issue and the average daily traded volume is 277,843 shares. The market capitalisation of Monks Investment Trust Plc is £3,296,350,957.54.
vacendak: Baillie Gifford now? Witan Investment closed their savings schemes (WTAN & WPC) a few months ago too. I switched mine to my other platform but advised a friend to switch his WTAN holdings to a Baillie Gifford IT, like MNKS or SCAM. Sad really, I would have thought there were space for both platforms and saving schemes, the latter were good for drip-feeding indeed. Now I save my pennies and buy only every now and then to go easy on the charges. Oh well...
peterbill: I hold MNKS and SMT as part of our 5 grandchildrens saving schemes. Ballie Gifford are no longer going to host the schemes and have negotiated a discounted deal with HL so will move all the trusts to HL. The discounted deal runs for 3 years, by then I should know if I will continue with HL or move the investments elsewhere. Currently dripfeed small ammounts each month into each account, which equates to 60 transactions per year so ongoing costs are important, currently nil at Ballie Gifford. I guess the paperwork and running the saving schemes was just too much and they are going to concentrate on running their portfolio of investemnt trusts and funds.
vacendak: @robow You have just posted something that says: "Buy and hold for ten years or more". You should be happy to get a post on this thread once every ten years on average. :) More seriously, this is indeed a good "building block" IT for any portfolio. I, myself, hold FRCL as ballast in mine and put a bit in WTAN for my son, technically for the future expenses associated with him (school/university fees, etc.) Still looking into the performance of MNKS, BNKR and LWDB every now and then, out of interest.
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
vacendak: I have recently read something in the Daily Mail ThisIsMoney section that MNKS is a very good value-for-money proxy for holding SMT as it has about 70% of cross-holding with its more famous stablemate. Both trusts are run mostly by the same people anyway (Baillie Gifford).
peterbill: With the £ falling, Monks have received a boost in their share price ... Mostly invested in international/USA markets ... to see the breakdown check the annual report below. Monks Annual Report 2016 hTTp://
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.
peterbill: Bought some of these for the grandchildren. Minimum investment £20/month direct to Ballie Gifford. Baillie 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.
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