Bankers Investment Trust (The)

Overview
Price performance
Financials
Research
Thematics

The Bankers Investment Trust (BNKR) aims, over the longer term, to achieve capital growth in excess of a global developed markets index and annual dividend growth greater than UK CPI inflation, by investing in companies listed throughout the world. BNKR has one of the longest records of year-on-year dividend growth for an investment trust. It is listed on the London Stock Exchange with a secondary listing in New Zealand.

Latest Insights

Investment Companies |
audiovisual

06.06.24

The Bankers Investment Trust in 60 seconds

Investment Companies |
Review

24.05.24

The Bankers Investment Trust — Greater investment flexibility may boost returns

Investment Companies |
Review

11.08.23

Bankers Investment Trust (The) — Most regional portfolios outperformed in H123

Investment Companies |
Update

03.05.23

The Bankers Investment Trust — Well positioned for the current environment

Visit Website

Sector

Investment Companies

Equity Analyst

Joanne Collins

Analyst, Investment Trusts

Key Management

Alex Crooke

Fund manager

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(0.2)	0.4	12.0
Relative	3.3	2.9	3.7
52 week high/low	117.2p/98.5p

Overview

The Bankers Investment Trust (BNKR) focuses on cash-generating companies and FY23 (ended 31 October 2023) was its 57th consecutive year of dividend growth. Dividends rose by 10%, maintaining the trust’s track record of above inflation dividend growth over the long term. The board expects dividends to rise by at least 5% in FY24. While this is commendable, BNKR’s recent relative total return performance has been adversely affected by its lack of exposure to most of the so-called Magnificent Seven US tech stocks, which the manager, Alex Crooke, has avoided as they do not pay dividends. However, BNKR’s board has recently indicated that it will adopt a more flexible approach to using revenue reserves. This will enable the manager to invest in a broader pool of investments. This greater flexibility has the potential to deliver better capital returns, while ensuring the trust keeps delivering progressive dividend growth.