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Edison issues report on The Bankers Investment Trust (BNKR)
Edison Investment Research Limited Edison issues report on The Bankers Investment Trust (BNKR) 24-May-2024 / 10:13 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 24 Mai 2024 Edison issues report on The Bankers Investment Trust (BNKR) to view the full report. All reports published by Edison are available to download free of charge from its website Edison is authorised and regulated by the . Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell...
- Pedro Fonseca
Bankers Investment Trust (The) - Greater investment flexibility may bo...
The Bankers Investment Trust (BNKR) focuses on cash-generating companies and FY23 (ended 31 October 2023) was its 57th consecutive year of dividend growth. Dividends rose by 10%, maintaining the trust’s track record of above inflation dividend growth over the long term. The board expects dividends to rise by at least 5% in FY24. While this is commendable, BNKR’s recent relative total return performance has been adversely affected by its lack of exposure to most of the so-called Magnificent Seven...
- Pedro Fonseca
Bankers Investment Trust (The) - Most regional portfolios outperformed...
The Bankers Investment Trust (BNKR) posted an 8.1% net asset value (NAV) per share total return (TR) in H123 (period ending 30 April 2023). Most of its regional sub-portfolios (sleeves) outperformed their benchmarks, highlighting the respective managers’ strong stock-selection capabilities. Dividend income across the portfolio was up 10% in H123 and BNKR declared a second interim dividend of 0.62p (with the ytd payout up c 10% y-o-y). Moreover, Alex Crooke (BNKR’s lead manager) now expects FY23 ...
- Pedro Fonseca
Bankers Investment Trust (The) - Well positioned for the current envir...
The Bankers Investment Trust (BNKR) has been managed by Alex Crooke, co-head of equities at Janus Henderson Investors (JHI), since July 2003. It can be considered as a ‘one-stop shop’ for global equity exposure as the fund is made up of six geographic portfolios (sleeves), which harness the talent of JHI’s regional specialists. Crooke (in conjunction with the board) sets BNKR’s asset allocation and manages its gearing. He believes that inflation will remain elevated, and that future shareholder ...
- Pedro Fonseca
Bankers Investment Trust (The) - Maintaining a defensive tilt
In our update on The Bankers Investment Trust (BNKR) in August, we updated readers on fund manager Alex Crooke’s macroeconomic views and positioning. As one would expect, there have not been wholesale changes since then in his views and the resultant positioning, as invariably BNKR’s style is incremental change. There are some developments on the potential direction of travel for geographic weightings, with the manager taking advantage of the recent relative strength in UK large caps to raise le...
- Pedro Fonseca
Bankers Investment Trust (The) - Navigating through choppy waters ahea...
Soaring inflation, rising interest rates, slowing economic growth and the ongoing war in Ukraine have led to equity market weakness and volatility in 2022. Despite these headwinds, The Bankers Investment Trust (BNKR) has done a decent job relative to other global equity managers in navigating these choppy waters. A key strength of its strategy is regional diversification, providing differing and less correlated drivers of returns than some global equity strategies. For example, Asia has always b...
- Pedro Fonseca
Bankers Investment Trust (The) - Another solid year of growth in capit...
The Bankers Investment Trust (BNKR) has continued to post good returns for investors during the financial year ended October 2021, which also saw the 55th consecutive year of dividend increase. Long tenured lead manager Alex Crooke oversees a team of in-house regional managers, allocating capital on the basis of where he sees attractive fundamentals. Over the past 12 months the allocation to European and Pacific ex-Japan equities has been increased on the basis of attractive valuations and the p...
- Pedro Fonseca
Bankers Investment Trust (The) - Another solid year of growth in capit...
The Bankers Investment Trust (BNKR) has continued to post good returns for investors during the financial year ended October 2021, which also saw the 55th consecutive year of dividend increase. Long tenured lead manager Alex Crooke oversees a team of in-house regional managers, allocating capital on the basis of where he sees attractive fundamentals. Over the past 12 months the allocation to European and Pacific ex-Japan equities has been increased on the basis of attractive valuations and the p...
- Pedro Fonseca
Bankers Investment Trust (The) - Another solid year of growth in capit...
The Bankers Investment Trust (BNKR) has continued to post good returns for investors during the financial year ended October 2021, which also saw the 55th consecutive year of dividend increase. Long tenured lead manager Alex Crooke oversees a team of in-house regional managers, allocating capital on the basis of where he sees attractive fundamentals. Over the past 12 months the allocation to European and Pacific ex-Japan equities has been increased on the basis of attractive valuations and the p...
- Pedro Fonseca
Bankers Investment Trust (The) - Steady as she goes
The Bankers Investment Trust (BNKR) is overseen by experienced manager Alex Crooke, who has managed this fund since July 2003. As co-head of global equities at Janus Henderson Investors (JHI) he is ideally placed to make use of the large internal resource to drive top-down asset allocation considerations populated via a selection of six internally managed geographic sleeves. In this note we will update investors on Crooke’s macro views and how this is influencing current portfolio construction. ...
- Pedro Fonseca
Bankers Investment Trust (The) - Steady as she goes
The Bankers Investment Trust (BNKR) is overseen by experienced manager Alex Crooke, who has managed this fund since July 2003. As co-head of global equities at Janus Henderson Investors (JHI) he is ideally placed to make use of the large internal resource to drive top-down asset allocation considerations populated via a selection of six internally managed geographic sleeves. In this note we will update investors on Crooke’s macro views and how this is influencing current portfolio construction. ...
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