Join our community of smart investors

British Empire's new manager aims to improve returns

IC Top 100 Fund update: Jo Bauernfreund is making the portfolio more concentrated and is reducing the cash position
British Empire's new manager aims to improve returns

British Empire Trust (BTEM) has named Joe Bauernfreund as sole lead manager and successor to John Pennink, who had run the trust since 2002. The IC Top 100 Fund has also changed its name from British Empire Securities & General Trust. Over one, three and five years it has underperformed its benchmark, the MSCI AC World Index Ex USA, as well as broader global indices and the Association of Investment Companies (AIC) Global sector average.


Cumulative share price return of British Empire versus key indices

To continue reading...
  • Read 3 articles for free each month
  • Educational articles and topical investment guides
  • In-depth podcast episodes by our writers and industry professionals
  • Interactive live webinars on investment themes that matter
Have an account? Sign in