Majedie Investments has continued to record strong performance over the last year, following its strategic pivot in January.
In the investment trust's annual results to 30 September, released today (18 December), it revealed a total shareholder return (including dividends) of 26.2% over the year. Majedie Investments scraps CEO role Since the beginning of 2023, the trust has transitioned to a new investment manager, Marylebone Partners, adopted a new benchmark over 4% above UK inflation and introduced a new dividend policy to pay 3% of its NAV out annually. The trust also scrapped its CEO position last month, Investment Week revealed. This has led to the trust's discount to NAV narrowing over the year,...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
