- Wealth preservation trusts look prepared for inflation
- They are a good core holding for a very uncertain outlook
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 what all of us, ultimately, aim to achieve? While there are hundreds of open-ended funds that target an absolute return or take a multi-asset approach for long-term growth, a handful of investment trusts focusing specifically on the needs of private individuals look like the most attractive options.
There are four investment trusts that stand out as wealth preservers: Personal Assets Trust (PNL), Capital Gearing Trust (CGT) and RIT Capital Partners (RCP), which are in the IC Top 100 Funds list, and Ruffer Investment Company (RICA) – the youngest of the four, established in 2004.