Things to Consider Before Investing….

The Trust is a UK-based investment trust traded on the London Stock Exchange.

All listed companies are identified by a “ticker” short code. For example, Allianz Technology Trust is ATT, The Brunner Investment Trust is BUT and The Merchants Trust is MRCH.

You can easily invest in the Trust by purchasing shares through an investment platform operated by a third party provider, a stockbroker or a financial adviser. Many online platforms allow you to deal in shares in ‘real time’ and some offer an option to invest regularly each month as well as lump sum investing. Competition between platform providers is keen so charges are usually very competitive. Nevertheless, it pays to undertake detailed research before investing. You will find helpful information to guide you below.

Investing Through an Investment Platform

A good and cost-effective way to buy the Trust’s shares can be via an investment trading platform.

These are often known as ‘fund supermarkets’ as they are online shops where you can buy and sell a comprehensive range of investments, including Investment Trusts, Open Ended Investment Companies (OEICs) and Unit Trusts - as well as in the shares of listed companies. So, instead of having multiple accounts with lots of different providers, your platform account can be a ‘one stop shop’ where you can hold all your investments in the one ‘pot’.  See below where you will find links to a range of these platforms.

Many platform providers allow you to buy and hold your shares within an Individual Savings Account (ISA), Junior ISA or Self Invested Personal Pension (SIPP), all of which have potential tax advantages. Or you can simply deal in your chosen shares without the tax advantages but also without any limits on how much you can invest.  Most platforms will allow you to invest lump sums and/or regular savings (i.e. a fixed amount each month). The latter can be very helpful if you want spread your investments throughout the year or if you’re simply uncertain as to whether now is a good time to invest or not.

Costs and Service

Competition amongst platforms has grown markedly over recent years so investing online can be a very cost-effective way to buy the Trust’s shares.

However, it’s really important to consider the overall level of fees as well as the range of services available. Don’t forget that cheapest is not always best - and also that some platforms have flat fees while others levy percentage-based charges. Typically, you will also pay a fee every time you buy and sell shares so you need to bear in mind these costs too if you are trading frequently.

The decision on which platform to use is an important one, so remember to play close attention to the service each offers - as well as the overall tariff of charges, including annual fees, administration and dealing charges. 

The Financial Adviser route or DIY?

You can use a financial adviser to open or look after your platform account, as well as your underlying investment decisions. You will pay a fee for this service, determined by the scope of the service being offered. If you do not currently have a financial adviser, details of authorised financial advisers in your area can be found at www.unbiased.co.uk

Opening Your Online Account

If you are happy to make your own investment decisions, as many investors are these days, you can open your own account online by following the instructions provided by your chosen platform. This should be a simple and straightforward process.

If choosing this route, you may also be intending to make your own investment decisions, in which case the quality of investment research available on your chosen platform may also be an important factor to consider. 

Research, research, research

Before your make your final decision on your chosen platform, remember to do your homework and bear the following points in mind:

  • Do you need advice or are you happy to make your own investment decisions (DIY)?
  • General investment plan or an ISA or SIPP?
  • Lump sum investing, regular savings or both?
  • How much are you likely to invest (as the level of charges will vary)?
Research, research, research

Platform Directory

Alternatively, information on how to find a stockbroker can be found at www.pimfa.co.uk. Note: If you click on these website links you will be entering new websites. We are not responsible for the content and information once you have left the Allianz Global Investors site. Please note Allianz Global Investors does not make recommendations on where to buy investment trusts and is unable to provide financial advice. You are strongly advised that if you are unsure about the most suitable option for your needs that you should contact a financial adviser.

© Allianz Global Investors GmbH 2018, Registered Office: Frankfurt am Main, Register: HRB 9340, Local court: Frankfurt am Main. All Rights Reserved. The Brunner Investment Trust PLC is incorporated in England and Wales. (Company registration no. 226323). Registered Office: 199 Bishopsgate, London, EC2M 3TY. VAT registration no. 244 7355 54. The Company is a member of the Association of Investment Companies - Category: Global Growth.