To continue using this website, please tell us a
little about yourself:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies on the website and how to delete cookies, see our Privacy and Cookie Policy.

I accept the FE Trustnet cookie policy

For more information Click here




It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table

Fund focus: Edinburgh Investment Trust

The Neil Woodford-run vehicle regularly beats its benchmark but has lagged many of its sector peers over the past year.

By Lora Coventry, Senior Reporter, Financial Express
Tuesday April 12, 2011

Trustnet can reveal that the £890.5m Edinburgh Investment Trust is the most viewed investment trust factsheet on its website over one month, six months and one year.

The closed-ended vehicle, the top-10 holdings of which are made up of FTSE 100 giants including Vodafone, Imperial Tobacco and Astrazeneca, has beaten its FTSE All Share benchmark over one, three and five years. Neil Woodford has headed the vehicle since September 2008.

Performance of trust vs index and sector over 1-yr


Source: Financial Express Analytics

The trust is trading at a premium to its net asset value (NAV) of 0.3 per cent.

In spite of beating its benchmark, Edinburgh Investment Trust has lagged many of its sector peers over the past year. Lowland Investment Company, the vehicle run by Henderson’s James Henderson, has returned 38 per cent to investors over 12 months, compared with 16 per cent from Woodford’s vehicle. ALT_TAG

The £225.6m investment trust also bulks up its portfolio with FTSE 100 companies, but has its largest holding in industrials while Woodford (pictured right) favours consumer products. Henderson, whose trust is trading at a discount of 6.5 per cent, also favours financials, while Woodford keeps just 5.8 per cent of his portfolio in that sector.

Lowland Investment Company also took on more volatility than the Edinburgh Investment Trust: 20 per cent compared with 15 per cent.

Dunedin Income Growth Trust, Merchants Trust, and Finsbury Growth and Income Trust are all sector peers that have fared better in the past year than the Edinburgh Investment Trust. They are trading at discounts of 2.17 per cent, 1 per cent and a premium of 0.79 per cent respectively. All three have lower volatility scores than Woodford’s trust over the year.

The £173.7m Finsbury Growth and Income Trust, which has been headed by Nick Train for a decade, is the only vehicle to also outperform Woodford’s investment trust over a three-year period. Woodford’s trust was 5 per cent less volatile in this time.

Add your comment
Step 1: Tell us what you think...

Step 2: Prove you're not a robot...
You don't have to do this every time you submit a comment.

Login or register free and you won't see it again.
Enter the words above:
Step 3: Submit your comment...
Be the first to comment on this Research Article.


Follow FE Trustnet

Video Headlines

More Videos


How are you reacting to the recent changes to Stewart Investors’ flagship funds?

Considering selling

Doing nothing

Considering buying


Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.