After 17 years running CT Global Managed Portfolio, Peter Hewitt handed over to Paul Green and Adam Morris last June. The pair have reshaped the trust's Income and Growth portfolios, particularly the latter, and plan to reduce the number of holdings in each share class from 40 to around 30. Here, we look at the various trusts that they have bought and sold, and how their selections might help investors think about their own portfolio construction.
CT Global Managed Portfolio was listed in April 2008, just as the financial crisis was unfolding, but it can trace its roots to the F&C managed...
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CT Global Managed Portfolio (tickers: CMPI and CMPG), until recently known as BMO Managed Portfolio, offers investors a ready-made diversified portfolio of investment companies. It has separate Income and Growth share classes with only the former paying out a dividend although investors are able to switch between the two classes at zero cost using an annual conversion facility. This trust has been managed by Peter Hewitt since its IPO in 2008 and he also ran the trust's predecessor, the F&C managed portfolio service, for several years before that. It's quite a small vehicle with around £16...
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Our latest Q and A for premium subscribers is with Peter Hewitt, the manager of the BMO Managed Portfolio trust. It has two share classes (tickers: BMPI and BMPG) and two portfolios, one for income and one for growth, both of them invested solely in other investment trusts. We last had a Q and A with Peter in May last year (link here), and he was also a guest on the weekly investment trust podcast in September, a week when Simon Elliott was away.
What is the interest in this trust? For one thing, it is a useful one stop shop for around 15,000 private investors and the income share class (t...
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For premium subscribers we periodically do interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. This one is with Peter Hewitt, the manager of the BMO Managed Portfolio Trust, a fund of investment trusts, and a longstanding investor in the closed ended sector. The trust has an unusual dual share class and sits in the flexible investment sector. It has delivered a share price total return of around 160 per cent over the last ten years.
Peter Hewitt Why the interest in this trust? Well one of the chief interest...
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