UPDATE: Merchants produced a return of +8% in the year to January 2023, followed by -3% in 2024, +13.5% in 2025, +18.9% for the year to January 2026, and +115 for the six months to July 2026. Over the five years to July 2026, its total NAV return was 76% versus 73% for its benchmark.
Merchants Trust (ticker: MRCH) is one of the largest and oldest UK equity income funds with around £750m in assets and a history dating back to 1889. It has been managed by Allianz's Simon Gergel since 2006 and after a slow start, he has turned it into one of the better performers in the sector over the last dec...
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Nobody is more disappointed than me that Simon Elliott is leaving Winterflood Securities to take up a senior management role at J.P.Morgan Asset Management. As a result he will no longer be able to continue co-hosting the weekly Money Makers investment trust podcast. He has been a brilliant partner in this venture over the last two and a quarter years, as all the compliments that have come in since the news came out testify. He will be a tough act to follow.
Onwards and upwards? Simon bought a unique set of knowledge and skills to the podcast. As a result it seems sensible to experiment a lit...
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