Several of the investment companies that score well on our screen will be well known to investors. The closed-end listed funds offer a simple and well-diversified way to invest and play long-term themes.
- Our first investment trust screen of 2020 is topped by Scottish Mortgage Trust (SMT), the UK’s largest investment company by assets under management (Morningstar have its net assets at £8,687m).
- The screen, which applies hedge fund legend Joel Greenblatt’s magic ranking formula to our value and momentum criteria, has thrown up other interesting and more thematic investment companies, including the Allianz Technology Trust (ATT), Polar Capital Global Healthcare (PCGH) and the Biotech Growth Trust (BIOG)
- Some of the funds have exposure to the volatility and uncertainty triggered by the coronavirus breakout in China. As well as the Fidelity China Special Situations fund (FCSS), the Pacific Horizon fund (PHI) and Mobius Investment Trust (MMIT) will be watching the situation closely. These funds could well be worth keeping an eye on as, if the crisis is contained, they could be great value ways to play Asian development longer term.
