Company: The City of London Investment Trust plc (CTY)
Date: 20 June 2023
Presenter: Job Curtis (Fund Manager)
Company Information: Launched in 1891, The City of London Investment Trust is one of the longest-running investment trusts in the UK. Managed by Portfolio Manager Job Curtis, the trust aims to provide investors with long-term growth in income and capital, principally by investing UK equities, with a bias towards larger, multinational companies. It is a mandate which the Trust has delivered successfully. It has outperformed its benchmark over the long-term and has grown its dividend every year since 1966 – the last time England won the world cup! This 56-year-old record is the longest of any investment trust and is why CTY sits atop the Association of Investment Companies’ (AIC) Dividend Heroes list. The Trust also has one of the lowest ongoing charges in the AIC’s UK Equity Income sector – 0.37%.
Job Curtis, Fund Manager
Job Curtis is a Portfolio Manager at Janus Henderson Investors, a position he has held since 2006. He has managed the City of London Investment Trust since 1991 and is also co-manager of the Global Equity Income strategy. Job joined Henderson in 1992 following Henderson’s acquisition of Touche Remnant, where he had served as a unit trust and investment trust manager since 1987. Prior to this, he was an assistant fund manager at Cornhill Insurance from 1985 to 1987 and a graduate trainee at Grieveson Grant stockbrokers from 1983 to 1985. Job holds an MA in philosophy, politics and economics from Oxford University. He is an associate member of the Society of Investment Professionals (ASIP) and has 40 years of financial industry experience.
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