|Bid||2,465.00 x 0|
|Ask||2,470.00 x 0|
|Day's range||2,463.00 - 2,505.00|
|52-week range||1,176.00 - 2,505.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||139.55|
|Earnings date||02 Mar 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,095.00|
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
An investment that offers the highs of the stock market without the lows is one that no investor would pass up. Unfortunately no such prospect exists, although it is the aim of RIT Capital Partners, the £3.7bn investment trust founded by Lord Rothschild, to go some way towards it. RIT claims to have delivered 73pc of the market’s rises since its listing in 1988 but only 38pc of the falls. That sort of record normally comes at a premium and so it has in RIT Capital’s case – until last year. Shares in the trust have spent the bulk of the past five years trading above the value of its assets. But after they tumbled to a discount last March as stock markets plunged at the onset of the pandemic, they have struggled to regain that rating. A 28pc fall in the shares at the height of last year’s sell-off appears to have shaken investors’ belief in the wealth preservation credentials of the trust, set up to manage some of the Rothschild family’s wealth. Yet the fall in the trust’s assets, of 9.5pc over the same period, was creditable against the backdrop of a London stock market that had lost a third of its value and in line with RIT’s claim to shield investors from the worst of market falls.
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...