The website is directed only at Professional Clients in the UK. The website is issued by Asset Value Investors Limited (“AVI”), in respect of British Empire Trust plc (“British Empire”). AVI is authorised and regulated by the UK Financial Conduct Authority (“FCA”). British Empire is a public company listed and traded on the London Stock Exchange.

You agree that we may contact you about our products and services that we believe you might be interested in.

The price of the Shares will be determined by supply and demand in the market as well as NAV per Share. The market price of the Shares is therefore likely to fluctuate and may represent either a premium or discount to NAV per Share.


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Key facts

  • Total assets £1,013 million*
  • Launch date 1 July 1889
  • Average Annual Return 12.1%**
  • Annual charge 0.87%***
ABOUT THE TRUST * As at 30 April 2018
** Source: Morningstar, performance period 30 June 1985 to 30 April 2018, TR net of fees, GBP
*** As at 30 September 2017, includes: management fee 0.70%, marketing and administration costs


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Latest data

British Empire Share Price
NAV: 834.67
Dividend Yield: 1.60
As of 24/05/18 , Currency: GBX

Videos & Podcasts

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Price Performance

December 2007 to December 2017

Managers Comment

More comments April

Despite a widening portfolio discount (out by 66bps to 28.3%), BTEM registered a solid NAV return for April of +3.4%. FX was a small net positive despite a weaker Pound versus most currencies, as the strengthening US dollar aided that portion of our portfolio exposed to the US on a look-through basis. Aker led the […]


News and Endorsements


Case Studies

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About British Empire

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 BookBritish Empire Trust 125 Years Book
(hard copies available upon request to UK addresses only)


Morningstar Analyst Rating

as at 9 December 2015

Morningstar® Fund Report™ Morningstar® Analyst
Research Report™

What is an Investment Trust?

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?