Mercantile Investment Trust
Company Notes
Outperforming while anticipating a market recovery
The Mercantile Investment Trust aims to provide capital growth as well as a growing dividend by investing in a diversified portfolio of UK mid- and small-cap stocks. It is the largest investment trust invested predominantly in the UK market, with assets of £2.1bn. The investment philosophy is focused on quality growth opportunities. Guy Anderson has been the fund’s lead manager since 2015, having previously been co-manager. Anthony Lynch is the co-manager of the portfolio and has worked on the fund since 2009. The fund has outperformed over the last five years, with a NAV total return of 38% compared with 25% for the FTSE All Share Index (ex FTSE 100 ex IT). Its returns compare favourably to peers as well, outperforming its closest comparators JPMorgan Mid Cap and Schroder UK Mid Cap over the past five years, three years and the last twelve months, with a similar dividend yield.
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