- Total assets £988 million*
- Launch date 1 July 1889
- Average Annual Return 12.0%**
- Annual charge 0.87%***
** Source: Morningstar, performance period 30 June 1985 to 31 March 2018, TR net of fees, GBP
*** As at 30 September 2017, includes: management fee 0.70%, marketing and administration costs
20 Dec, 2017
Aberdeen Private Equity (APEF)
Aberdeen Private Equity (APEF)’s share price climbed +16% upon the announcement that an agreement had… Read More
10 Nov, 2017
Pasona Group stock story
Hong Kong based activist investor turns its focus on Pasona Group. Pasona Group is a… Read More
12 Oct, 2017
There were once good reasons for this trust’s 34pc discount – but not anymore… Read More
12 Jun, 2017
Better Capital stock story
Better Capital PCC announced completion of the disposal of Gardner Aerospace Holdings for an enterprise… Read More
Fears over a Trump-provoked trade war rocked markets in March. BTEM’s portfolio discount widened further (from 25.4% to 27.6%) and contributed to a decline in NAV of -4.1% with local currency losses exacerbated by continued strength in the Pound. The few positive contributions came from Digital Garage, Adler Real Estate, GP Investments, and Riverstone Energy, […]READ ALL
15 Mar, 2018
Three funds to play a stronger Japanese market
12 Mar, 2018
UK activist fund demands Tokyo broadcaster sells crossholdings
08 Mar, 2018
The three global investment trusts that beat the MSCI World in both 2016 and 2017
05 Mar, 2018
Is it worth paying a triple layer of fees on this fund of trusts?
07 Feb, 2018
Japan: the land of the rising returns or another false dawn?
29 Jan, 2018
Top growth, value and income investment trusts
23 Jan, 2018
Fund Analysis: Clearer signs emerging of durable revival in Japan
22 Jan, 2018
Investment Week: Fund selectors: Our key calls for portfolios at the start of 2018
Tokyo Broadcasting System (TBS)
The fund first invested in TBS in January 2017. Our analysis concluded that TBS’s operating business is dwarfed by their securities portfolio and real estate….Read More
Japanese Special Situations
Japan has a number of characteristics that make it a compelling investment opportunity. From a valuation perspective, it is the one major global stock market….Read More
Vietnam Phoenix Fund
Our position in Vietnam Phoenix Fund is now in the final innings of what has been a very successful investment (in GBP +94% total return, +30% IRR)….Read More
Stockholm-based Kinnevik is a good example of our strategy which seeks to invest in companies which are trading at a discount to net asset value….Read More
British Empire Trust p.l.c. (British Empire) is a closed-end investment trust with shares listed on the London Stock Exchange and part of the FTSE 250 index. The investment objective is to achieve capital growth through a focused portfolio of investments, particularly in companies whose share prices stand at a discount to estimated underlying net asset value.
British Empire is managed by Asset Value Investors Limited (AVI). Working closely with British Empire Trust, AVI specialise in seeking positive results from opportunities that others fail to spot.
British Empire Trust 125 Years Book
(hard copies available upon request to UK addresses only)
An investment trust is simply a public limited company that issues shares in exchange for cash from investors. These cash funds are then pooled and reinvested in assets such as other stock market shares, bonds or property.
It’s the role of asset management companies such as AVI to plan and oversee investments on behalf of investment trusts and to ensure they deliver as profitable a return as possible for trust shareholders.What's The Advantage Of Investment Trusts?