We believe that it’s the quality of the company that matters, not its location.

Lucy Macdonald, Portfolio Manager

Why Invest?

Through Brunner, investors can access a spread of high-quality growth companies operating in different sectors and countries via a single portfolio. Managed by global Chief Investment Officer Lucy Macdonald, the Trust favours large, well-financed businesses with global reach, pricing power and corporate liquidity.

Trust Benefits
Dividend Growth
Five Largest Holdings
Why AllianzGI?

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Our History

The Brunner Investment Trust has a long and distinguished history and was established as an investment vehicle by the Brunner family in 1927. Today, they remain significant shareholders in the Trust which aims to provide a 'one-stop shop' solution for investors looking for global growth opportunities and a quarterly dividend that has risen over time.

Fountain Focus

The image of the fountain is inspired by the Arms of the Brunner family. The family originated from Switzerland and ’Brunnen’ is German for fountain. John Brunner was born in Canton Zürich and migrated to Lancashire in 1832. His son, Sir John Brunner, Bart, was the co-founder of Brunner Mond & Co, the largest of the four companies which came together to form ICI in 1926. The family’s interest in ICI was used in the following year to establish The Brunner Investment Trust.

Fountain Focus

Foundation of Brunner Mond & Company

1873

Sir John Tomlinson Brunner, 1st Baronet, (8 February 1842 - 1 July 1919) was a British chemical industrialist and politician. In 1873 Brunner formed a partnership with Mond and together they founded Brunner Mond & Company.

Manufacturing of alkalis

1874

The company was formed to make soda ash by the new ammonia soda process, for the cotton industry. It manufactured alkalis from the vast salt deposits in northwest England, and ammonia and fertilisers in the northeast of the country.

Partnership converts into a limited company

1881

The partnership was converted into a limited company and the founders became managing directors.

Sir John Brunner appointed Chairman

1891

Sir John Brunner became the Chairman and retained that position until April 1918, 14 months before his death. However by then his duties were being increasingly performed by his son.

Imperial Chemical Industries established

1926

Brunner Mond merged with three other British chemical companies to form Imperial Chemical Industries (ICI), which grew to become one of the world's largest and most successful companies.

Start of The Brunner Investment Trust

1927

The family's interest in ICI was used in the following year to establish The Brunner Investment Trust which was managed by Kleinwort Benson, predecessor of Allianz Global Investors. The Brunner family remained active in the investment decisions and a family member is still on the Board today. Sir Felix Brunner became the Chairman of the Trust and retained this position until 1972.

Beginning of dividend track record

1972

Start of Brunner's track record of growing dividends by paying 0.48 pence per share dividend to its shareholders. Barnabus Brunner became the Chairman of the Trust and retained this position until 1998.

Overseas investments added

1980

Brunner's investment policy includes overseas investments in the portfolio for the first time.

Repositioning of portfolio

1981

The Trust’s investments are divided equally between the UK and overseas.

Trust re-registered as a Public Limited Company

1981

Brunner Investment Trust re-registered as a Public Limited Company.

John Trott becomes Chairman

1998

John Trott became the Chairman of the Trust and retained this position until 2005.

Lucy Macdonald joins as co-manager

2001

Lucy Macdonald joined Allianz Global Investors as CIO for Global Equities and co-manager of Brunner. Lucy is the Chief Investment Officer of Global Equities at Allianz Global Investors. The Global Equity team is responsible for international mandates from clients around the world. Lucy is a member of the European Management Committee, and joined Allianz in 2001 from Baring Asset Management, where she was a director and senior portfolio manager. Lucy graduated from Bristol University, and is an Associate of the Society of Investment Professionals (ASIP).

Keith Percy becomes Chairman

2005

Keith Percy elected as Chairman and retained his position until 2016.

Carolan Dobson becomes Chairman

2016

Carolan Dobson elected as Chairman.

Brunner's UK equities and overseas equities portfolios are merged to form one global equity portfolio.

45 years as a ‘Dividend Hero’

2017

Brunner celebrates its 90th birthday and its 45th consecutive year of increasing dividends. It is recognised as one of the AIC's 'Dividend Heroes'.

Following a decision to invest a higher proportion of the Brunner portfolio in overseas equities, Brunner's benchmark changes to 70% FTSE World-ex UK and 30% FTSE All-Share Index.

Refinancing of long-term borrowing

2018

June 2018: Brunner announces a refinancing exercise, in order to achieve a balance of finance sources and maturities and to lock into a long-term rate at pricing levels the Trust considers to be attractive. Following this exercise, Brunner’s weighted average interest on all structural borrowings and preference stock is 2.9%, compared with 7.7% previously.

Brunner increases its dividend for the 46th consecutive year, maintaining its status as an AIC ‘Dividend Hero’.

© 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.