The Law Debenture Corporation - A robust H119 for trust portfolio and IPS
The Law Debenture Corporation (LWDB) has delivered robust NAV and share price gains in the first half 2019, supported by an upward revaluation of its independent professional services (IPS) business, which continues to grow well in spite of a tougher capital markets backdrop. The managers of LWDB’s investment portfolio have increased net gearing from c 3% to c 7% in order to take advantage of attractive valuations in selected UK equities. While more than 20% of its diversified portfolio is still invested overseas to gain access to opportunities unavailable in the UK, LWDB has recently moved from the AIC’s Global sector to the UK Equity Income sector, where its NAV total returns currently rank it in the top quartile over three, five and 10 years.Law Debenture Corporation is an investment trust and a provider of independent professional servicesdivides into two areas of business: investment trust and independent professional services. Col. is an investment trust, listed on the London Stock Exchange. Co.'s portfolio of investments is managed by Janus Henderson Investors under a contract. Co. invests in a portfolio diversified both geographically and by industry. Co. is a provider of independent professional services. Co.'s activities are corporate trusts, pension trusts, corporate services (including agent for service of process), whistle blowing services and governance services.
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