Overview
RIT Capital Partners is the investment vehicle for the family interests of Jacob Rothschild. It aims to deliver long-term capital growth, while preserving shareholders’ capital; investing without the constraints of a formal benchmark, but delivering for shareholders increases in capital value in excess of the relevant indices over time.
RIT Capital Partners does this by investing in a widely diversified, international portfolio across a range of asset classes, both quoted and unquoted; allocating part of the portfolio to exceptional managers in order to ensure access to the best external talent available (by investing in funds managed by them)
We have written notes that explain how the fund works:
- “Healthy absolute return with less risk“, published in February 2018, looks at RIT’s track record and investment style that has been strong over many decades
You can access the manager’s website here
Fundamentals
Price
Research History
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10 Sep 2020 7 min read
QuotedData’s Economic Roundup – September 2020
Economic & Political Roundup Kindly sponsored by 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 to buy or sell […]
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08 May 2019 4 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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25 Jan 2019 2 min read
QuotedData review of 2018 – Annual report investment companies
QuotedData review of 2018 – Annual report investment companies 2018 – the return of volatility A trade war, Brexit, US interest rate rises, slowing Chinese growth, a US government shutdown, a dispute over Italy’s budget, the Skripal poisonings, numerous elections – there was plenty to worry about in 2018. A last-minute dive left the US […]
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14 Sep 2018 2 min read
QuotedData’s Economic round up – September 2018
QuotedData’s Economic round up – September 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 […]
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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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13 Mar 2018 2 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 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 […]
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05 Feb 2018 1 min read
RIT Capital Partners – Healthy absolute return with less risk
RIT Capital Partners – Healthy absolute return with less risk RIT Capital Partners (RIT) has established a strong track record over many decades. Over the last five years, its share price total return has almost doubled and it has returned to trading at a premium. RITs investment style emphasises long-term thinking and the avoidance of permanent […]
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1 min read
RIT Capital Partners – Healthy absolute return with less risk
RIT Capital Partners – Healthy absolute return with less risk RIT Capital Partners (RIT) has established a strong track record over many decades. Over the last five years, its share price total return has almost doubled and it has returned to trading at a premium. RITs investment style emphasises long-term thinking and the avoidance of […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 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 December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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15 Mar 2017 1 min read
QuotedData’s round up of views on the global economy – March 2017
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 companies mentioned. Kindly sponsored […]
News
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02 Mar 2021 1 min read
RIT Capital shrugs off effects of virus
RIT Capital shrugs off effects of virus – RIT Capital Partners results for the year ended 31 December 2020 show an NAV total return of 16.4% for the year, which compares to 12.7% for the MSCI All Countries World Index and 4.2% for the company’s performance objective of inflation (as measured by the RPI) plus 3% […]
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04 Aug 2020 2 min read
QuotedData’s morning briefing 4 August 2020
In QuotedData’s morning briefing 4 August 2020, as BP cuts its dividend for the first time in a decade: BMO Commercial Property is to reintroduce a monthly dividend from this month at 0.25p per share (half the previous rate). The NAV return for the three months ended 30 June 2020 was -2.9%. The retail and leisure […]
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03 Mar 2020 2 min read
RIT Capital had a decent 2019
RIT Capital Partners finished 2019 with an NAV of 2004p, it generated a return ob NAV of 12% over 2019 and a return to shareholders of 12.5%. Dividends totalled 34p and the board says they will be at least 35p in 2020. The chairman said “Despite a muted outlook for global growth and earnings, 2019 […]
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05 Aug 2019 2 min read
RIT Capital assets hit high as Rothschild bows out
RIT Capital assets hit high as Rothschild bows out – over the first six months of 2019, RIT Capital Partners delivered a total return on NAV of 8.5%. Net assets surpassed £3bn and the company’s share price rose by 10.1%. A second interim dividend of 17p has been declared, bringing the total to 34p, 3% […]
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25 Apr 2019 3 min read
Lord Rothschild to be President of RIT Capital
Lord Rothschild to be President of RIT Capital – RIT Capital Partners announced at its AGM, that following several years of succession planning, Lord Rothschild will step down as chairman and a director on 30 September 2019, and will take up the role of president. His replacement as chairman is Sir James Leigh-Pemberton. Sir James […]
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05 Mar 2019 3 min read
RIT Capital Partners outperforms equity markets in 2018 results
RIT Capital Partners outperforms equity markets in 2018 results – RIT Capital Partners has released its results for the 2018 year. In summary, the NAV per share returned 0.8% in total return terms, which outperformed equity markets. Their investments beat RIT’s equity index benchmark (the MSCI All Country World Index in sterling and local currencies) by […]
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27 Feb 2018 2 min read
RIT Capital Partners net assets achieve all time high
RIT Capital Partners (RCP) has announced its annual results for the year ended 31 December 2017. During the year, RCP saw growth in its net assets of £216m, taking its total net assets to an all-time high of £2.9bn and, during the course of the year, the company’s market capitalisation exceeded £3bn for the first […]
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27 Dec 2017 1 min read
Strategic Equity Capital manager changes hands
Strategic Equity Capital manager changes hands – The senior management of London-based specialist fund manager GVQ Investment Management Limited (“GVQ”) have entered into an agreement to acquire 100% of GVQ from RIT Capital Partners plc (“RIT”), subject to regulatory approval. GVQ currently manages GBP700 million of assets through two Irish listed open-ended funds, the GVQ UK […]
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03 May 2017 3 min read
14th consecutive year of outperformance for BlackRock Smaller
For fourteen consecutive years BlackRock Smaller Companies has outperformed its benchmark and increased its dividend. Over that period, the NAV has grown nearly ten-fold whereas the benchmark has almost quadrupled. The compound annual increase in dividends paid over the past five years has been 20% per annum. During the year to 28 February 2017, the NAV increased […]
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28 Feb 2017 2 min read
RIT Capital ups exposure to absolute return and credit
RIT Capital Partners says its net asset value per share increased to 1,730 pence during 2016, representing a return of 12.1%. Its shares traded at a premium which averaged 4.6% during the course of the year and total shareholder returns amounted to 14.2%. The dividend was edged up to 31p from 30p. They intend to pay a […]
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06 Feb 2017 1 min read
14 investment trusts for income and growth in 2017
Investors looking forward to a period of calm in 2017 might be disappointed, but David Prosser has the trusts experts are backing to navigate further storms. Having just been through a year of unprecedented political upheaval that sent financial markets spinning, many investors will be assuming 2017 cannot possibly be so tumultuous. The reality, however, […]
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15 Aug 2016 1 min read
RIT Capital ups focus on gold, credit and absolute returns
Over the six months to the end of June 2016, RIT Capital Partners returned 3.6% in NAV terms. A reduction in the premium from 6.9% to 2.0% meant that the share price return was negative, -1.2%. RPI+3% per annum worked out as 2.5% for the period and the return on the MSCI AC World Index […]
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31 May 2016 3 min read
RIT Capital Partners says Alliance Trust approach “very preliminary”
Alliance Trust has made an announcement in response to the press speculation over the weekend. They say, as communicated to shareholders in October of last year and more recently at the time of the publication of the annual results in March this year, a number of significant changes to Alliance Trust have been implemented in […]
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01 Mar 2016 3 min read
RIT Capital outperforms the world index
RIT Capital results for 2015 show a share price total return of 22.7% (as they moved from a discount of 5.8% to a premium of 6.9%) and a net asset value per share return of 8.1%. This compares well to the return on RPI plus 3% which was 4.2% for the year and the return on the […]
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11 Aug 2015 1 min read
RIT Capital issues long-term debt
RIT Capital Partners delivered a 6.4% return on net assets for the first half of 2015 and an 11.8% return to shareholders, both of which compare well to the 2% return on RPI+3% per annum and 3% return on the MSCI AC World Index. The dividends for the first half totalled 30p, 2% higher than […]
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14 May 2015 1 min read
RIT Capital issues fixed rate debt
RIT Capital Partners is borrowing £151m in three tranches of fixed rate debt with maturities in 10, 15 and 20 years time. They will be unsecured and pay fixed interest semi-annually at annualised coupons of between 3.00% and 3.56%, with a weighted average of 3.45%. The Notes were priced on 22 April 2015 and the funding […]
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27 Feb 2015 1 min read
RIT Capital Partners stresses defensive nature of portfolio
RIT Capital Partners results for 2014 show the company generating a return on net assets of 9.5% and a return to shareholders of 13.3% as the discount narrowed from 9% to 5.8%. They are keen to stress that the performance has been achieved with a relatively low average exposure to equities of 56% over the year. The […]
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19 Dec 2014 1 min read
RIT Capital tie up with Strategic Equity Capital
RIT Capital has announced that it is buying GVO Investment Management (GVOIM), the investment manager for Strategic Equity Capital (SEC) and is also taking a stake in that fund. The announcement says GVOIM will continue to operate as a separate legal entity with the same autonomous management team, structure and investment process. Stuart Widdowson and […]
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15 Aug 2014 1 min read
RIT Capital struggling to find attractive investments
RCP : RIT Capital struggling to find attractive investments RIT Capital Partners has published its interim figures covering the first half of 2014. The net asset value total return was 2.4% for the period. This compares to a 4.1% return on the MSCI All Countries World Index and a 2.6% return on a benchmark of […]
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06 Mar 2014 1 min read
RIT Capital Partners : RCP – annual results
Over the year ended 31 December 2013 RIT Capital Partners generated a total return on net assets of 18.6%. Its discount widened a little and so the return to shareholders was 14.0%. By contrast the return on the MSCI All Country World Index (after some fiddling around with currencies – they use 50% translated back […]
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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29 Apr 2020 1 min read
Did defensive funds prove their worth during the market sell-off
Did defensive funds prove their worth during the market sell-off – Kyle Caldwell for Money Observer
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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 […]
