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Investment trust insider bargain hunting in the crash

Investment Trust Insider on Perpetual Income and Growth

Investment trust insider bargain hunting in the crash – James Carthew: three trusts I bought in the Covid-19 crash

Many investors, especially those reliant on the income from their portfolios, will have been looking on nervously as markets see-saw and the economy grinds to a halt. For most of the past few weeks I have sat on the side lines watching the wild swings in stock prices, as the world tries to make sense of our current situation.

On 19 March it felt to me as though the falls were overdone and so I topped up some positions and bought a couple of new ones. Just six days later, with gains of around 30% on some of these stocks, I booked some profits.

I said a few weeks back that I don’t think we will see the bottom of this market until the virus is spreading uncontrollably in the US. We seem to have hit that point, but my sense is that the impact on the economy will be greater than I was thinking even a few weeks ago and I am not sure that we have seen the bottom in markets yet.

The two stocks that I bought and sold were Tritax Big Box (BBOX) real estate investment trust (Reit) and Monks (MNKS)….

… One of the stocks I bought that I am hanging onto, however, is HgCapital (HGT). This is one of those trusts that I always felt I should own and, having got in at 166p, I am feeling quite pleased with my purchase…. read more here

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