Overview
Personal Assets Trust : PNL invests globally in equities, fixed interest, cash, gold and may use derivatives to reduce investment exposure or enhance or protect investment positions. It may also hedge its currency exposure. Its investment policy is to protect and increase (in that order) the value of shareholders’ funds per share over the long term. Investments are selected without reference to their weightings in Personal Assets’ benchmark (the FTSE All-Share Index). The Board is concerned about losing money and so will usually prefer the Company’s portfolio as a whole to have a lower level of risk than the Index.
Personal Assets tries to keep its discount as close to zero as possible.
You can access the company’s website here
Fundamentals
Price
Research History
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17 Jul 2020 2 min read
QuotedData’s weekly roundup 17 July 2020
James Carthew’s weekly news roundup show for Friday, 17 July, covers Personal Assets’ great track record and another dilutive share issue from Adamas Finance Asia, and an interview with Nick Wood, head of Investment Trust Research at Quilter Cheviot. Listen back here If there is a guest speaker you’d particularly like to hear from, please […]
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10 Mar 2020 10 min read
QuotedData’s Investment Companies Roundup – March 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide New research Here is a list of research we published over February: An initiation note on Montanaro UK Smaller Companies Trust (MTU) […]
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06 Dec 2019 7 min read
QuotedData’s economic roundup – December 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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11 Sep 2019 4 min read
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
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05 Jul 2019 8 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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19 Dec 2018 2 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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11 Jul 2018 2 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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25 Apr 2018 2 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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07 Feb 2018 2 min read
QuotedData investment companies roundup – February 2018
QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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2 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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14 Sep 2017 2 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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03 Aug 2017 2 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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3 min read
QuotedData’s economic round up – July 2017
QuotedData’s economic round up – July 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Jun 2017 2 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
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1 min read
QuotedData’s round up of views on the global economy – December 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. december-economic-and-political-roundup
News
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17 Jul 2020 3 min read
Personal Assets bucks the trend
Personal Assets (PAT) has published its final results for the year ended 30 April 2020, during which it has bucked the trend, substantially outperforming the market (its NAV per share rose by 5.3%, substantially ahead of the return on the All-Share, which PAT says lost 19.8%). The announcement provides the following key highlights: PAT is […]
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2 min read
QuotedData’s morning briefing 17 July 2020
In QuotedData’s morning briefing 17 July 2020: BMO Private Equity Trust has announced the appointment of Nplus1 Singer Advisory LLP as its sole corporate broker, with immediate effect. Tetragon Financial Group (TFG) will be hosting a conference call for investors on Friday, 31 July 2020 at 15:00 BST / 10:00 EDST. The call is to […]
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06 Jun 2019 2 min read
Wary Personal Assets maintains high liquidity
Wary Personal Assets maintains high liquidity – Personal Assets has released results for the year ended 30 April 2019, just six weeks after the period ended! Over the year, the net asset value rose by 4.3%. This compares to a fall of 1.4% in the All-Share Index and a 2.9% increase in inflation, as measured by […]
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02 Jun 2017 4 min read
Personal Assets Trust remains focused on the long term
Personal Assets Trust (PNL) has announced its annual results for the year ended 30 April 2017. Over the year to 30 April 2017, PNL’s net asset value per share rose by 8.6%, which it says compares to a rise of 15.8% in the FTSE All-Share Index. PNL’s share price rose by £32.90 (8.8%) during the year […]
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23 May 2017 1 min read
Investment Trust Insider on Aberdeen Diversified Income & Growth
Aberdeen Diversified Income & Growth (ADIG) the reincarnation of BlackRock Income Strategies, is now up and running. As yet, although the discount has narrowed a little since launch (currently 7%), there appears to be some way to go before ADIG is ranked alongside competitors such as Personal Assets (PNL), Ruffer (RICA) and Seneca Global Income […]
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18 Nov 2016 2 min read
Personal Assets keeps portfolio liquid
Over the six months to 31 October 2016 Personal Assets Trust’s net asset value per share rose by 7.5% to GBP394.85. Its share price rose by GBP24.50 to GBP397.00 over the same period, being a premium of 0.5% to the Company’s NAV at that date. They are paying quarterly dividends of 140p per share. At the end of the […]
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03 Jun 2016 1 min read
Personal Assets produces positive return in falling market
Personal Assets has announced results for the year ended 30 April 2016. Over the year to 30 April 2016 Personal Assets ‘s net asset value per share rose by 5.0%. This compares to a fall of 9.0% in the FTSE All-Share Index. Personal Assets ‘s share price rose by GBP21.80 or 6.2% during the year and at 30 […]
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20 Nov 2015 1 min read
Personal Assets just about flat in falling market
Personal Assets Trust’s net asset value fell by 0.3% over the six months to the end of October 2015 – a much better result than for the FTSE All-Share index which fell by 7.3%. The share price rose by 0.5%. Dividends are running at £1.40 per share. They didn’t much change the shape of the portfolio over […]
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08 Jun 2015 1 min read
Personal Assets maintains high liquidity levels
Personal Assets’ results for the year ended 30 April 2015 have been published and they show that the net asset value rose by 4.8% in capital terms vs. 3.9% for the FTSE All-Share Index. In price terms Personal Assets rose by 5.7% as they moved from a 0.6% discount to a 0.2% premium. The quarterly dividends for the […]
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06 Jun 2014 1 min read
Personal Assets Trust : PNL – final results
Personal Assets Trust has published its results covering the year ended 30 April 2014. Over the year the company’s net asset value fell by 5.1%. Over the past three years Personal Assets Trust has underperformed both inflation and the FTSE All-Share Index. The problem, says Sebastian Lyon – the fund manager, has been the funds […]
In The Press
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23 Feb 2021 2 min read
What the wealth preservation investment trusts are telling us
What the wealth preservation investment trusts are telling us The best wealth preservation trusts and how they can help you Investors’ Chronicle, February 16, 2021 By Mary McDougall There’s a lot to learn from wealth preservation investment trusts, which broadly aim to protect and grow assets in real terms over time. After all, shouldn’t that be […]
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11 May 2020 2 min read
Investment trust insider on the return of inflation
Investment trust insider on the return of inflation – James Carthew: Ruffer, Capital Gearing & Personal Assets make a good point on inflation The Association of Investment Companies’ Flexible Investment sector encompasses funds with a diverse range of investment objectives. Among those whose primary aim is to preserve investors’ wealth, the trust that seems to have […]
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06 Mar 2020 4 min read
Investment trust insider on defensive trusts and covid-19
Something a bit unusual – an article that we wrote that didn’t actually get published – reproduced here in full Conferences, conventions and sporting events are being cancelled left, right and centre but investment company directors shrugged that off and flocked to a well-attended annual AIC conference on Wednesday 4th. As always, there were some […]
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22 Jul 2019 2 min read
How to invest in absolute return sector funds in falling markets
Investors are nervous and perhaps they have every reason to be. A decade-long bull market appears to be stuttering, global growth is slowing and political tensions are worsening. In such an environment, it can be hard to know where to turn. In the investment companies market, many investors have been putting their faith in a […]