Money Makers | Brunner Investment Trust

Profile: Brunner Investment Trust

1st November 2023

UPDATE (Oct 2026): In the year to November 2023, BUT returned +8.7% versus +5,5% for its benchmark, followed by +17.9% versus +23.6% to November 2024, +9.0% versus +15.8% to November 2025, and +5.6% versus +12.0% in the six months to May 2026. James Ashworth was appointed co-lead manager alongside Julian Bishop in December 2025. Christian Schneider and Simon Gergel continue to provide investment support as named deputy managers. The trust's discount has widened a little and averaged 10% over the year to October 2026.

Brunner Investment Trust (ticker: BUT) was launched in 1927 by the Brunner f...

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