| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 608.41 | -58 |
| Intrinsic value (DCF) | 569.22 | -60 |
| Graham-Dodd Method | 22.21 | -98 |
| Graham Formula | 276.48 | -81 |
The Brunner Investment Trust PLC (LSE: BUT.L) is a well-established, UK-domiciled open-ended equity mutual fund managed by Allianz Global Investors GmbH. Founded in 1927, the trust invests globally across diversified sectors, focusing on growth stocks with strong business models, financial strength, and brand equity. Its benchmark is a composite of 50% FTSE All-Share Index and 50% FTSE All-World ex UK Index (£). With a market cap of approximately £587 million, Brunner offers investors exposure to a diversified portfolio of high-quality equities, balancing UK and international markets. The trust is known for its long-term investment approach, targeting capital appreciation and income generation, making it a compelling option for investors seeking global equity exposure with a UK bias. Its consistent dividend payments (23.75p per share) and low beta (0.495) suggest relative stability compared to broader equity markets.
The Brunner Investment Trust PLC presents a balanced investment proposition with its globally diversified equity portfolio and focus on growth stocks. Its low beta indicates lower volatility relative to the market, appealing to risk-averse investors. The trust’s strong net income (£96.05 million) and consistent dividend yield (23.75p per share) underscore its income-generating capability. However, its reliance on equity markets exposes it to macroeconomic risks, and its performance is tied to Allianz Global Investors' stock-picking acumen. The absence of debt is a positive, but the fund’s relatively small size (£587 million market cap) may limit liquidity for large investors. Overall, Brunner is suitable for long-term investors seeking global equity exposure with a stable income component.
The Brunner Investment Trust PLC differentiates itself through its long-term investment horizon, global diversification, and focus on high-quality growth stocks. Its composite benchmark (50% UK, 50% ex-UK) provides a balanced risk profile, appealing to investors seeking both domestic and international exposure. Managed by Allianz Global Investors, the trust benefits from institutional-grade research and portfolio management. However, its competitive positioning is challenged by larger, more liquid global equity trusts and ETFs that offer similar exposure at lower costs. Brunner’s active management approach may justify higher fees if it consistently outperforms, but passive alternatives pose a significant threat. Its lack of leverage (zero debt) is a strength in volatile markets but may limit returns in bullish conditions. The trust’s small size could deter institutional investors, though its long history and stable dividends enhance its appeal to retail investors.