Why Invest?


The Brunner Investment Trust PLC aims to provide growth in capital and dividends over the long term by seeking out the world’s most exciting growth opportunities.

The UK and beyond in a single portfolio
We believe that it’s the quality of the company that matters, not its location – so through Brunner, investors can access a spread of high-quality growth companies operating in different sectors and countries in a single portfolio.

The Trust was established in 1927 as a result of the Brunner family’s sale of Brunner Mond & Co, the largest of the four companies which became ICI. The family remain significant shareholders today as the Trust continues to provide an efficient and cost-effective way to gain global investment exposure through a single, well-managed vehicle.

Managed by global CIO Lucy MacDonald, the Trust favours large, well-financed businesses with global reach, pricing power and brand strength.

44 consecutive years of dividend growth
Although income is not guaranteed and could go down as well as up, the Trust has paid increasingly higher dividends to its shareholders year-on-year for the last 44 years – from 0.48 pence per share in 1972 to 15.3 pence per share in 2015. Please note that past performance is not a reliable indicator of future performance. You should not make any assumptions on the future on the basis of performance information. The value of an investment and the income from it can fall as well as rise as a result of market fluctuations and you may not get back the amount originally invested.

Ten Year Net Dividend Record in Pence (to year end 30 November)


Source: The Brunner Investment Trust PLC Report and Accounts, to year-end 30.11.16.

Discrete Past Performance - Total Return (%)
Share Price23.417.
Source: Lipper, percentage growth, mid to mid, total return to 30.06.2017.

The Brunner Investment Trust is an independent company listed on the London Stock Exchange which provides additional benefits for investors.

A cost-effective and diversified portfolio
Investment trusts own shares in a variety of different companies, so buying shares in Brunner will effectively give you a diversified portfolio of global stocks. This spreads your risk, as you are not reliant on the success of just one or two companies. And buying shares in an investment trust can be less costly than purchasing the underlying stocks individually.

Looking after shareholder interests
Because Brunner is an investment trust and an independent company listed on the London Stock Exchange, the investment manager is accountable to the Trust’s board of directors. The board is completely autonomous and ensures that the interests of shareholders are looked after.

The Brunner board of directors is particularly experienced. So as well as providing investors with the reassurance of a diligent environment of checks and balances, they also provide the Trust with invaluable knowledge and economic insight.

With unit trusts or ‘open-ended funds’, the total number of shares is flexible. The larger the number of investors, the smaller the dividend each receives. But because investment trusts have a fixed number of shares in circulation at any one time, there is no potential for dividend dilution. Although an investment trust can issue more shares in special circumstances, shareholder interests are taken into account before such a decision is taken.

Investment trusts are amongst the oldest forms of investment vehicle. Established in 1927, Brunner has successfully navigated a variety of market conditions throughout its history. Today’s investor may find the longevity and experience of The Brunner Investment Trust reassuring.

Revenue reserves
In periods of falling income such as in recent years, the Trust can draw on revenue reserves to maintain its dividend payouts to shareholders. These reserves help smooth the Trust’s dividend payments during shortterm periods of difficult economic conditions.

Investment trusts are able to employ gearing – which means borrowing money to buy more investments. Brunner seeks to enhance returns for its shareholders through gearing in the form of long-term, fixed rate debentures. This may mean that the performance is boosted when markets are up. However, investors should be aware that losses are magnified when markets fall, which could lead to a substantial loss on your initial investment.

  • We believe that Brunner is well positioned for the current economic environment.
  • Established by the Brunner family in 1927, The Brunner Investment Trust PLC provides an efficient and cost effective way to gain global investment exposure through a single, well managed vehicle.