Oct 18th 2013 - Edison Investment Research today published a report on Brunner Investment Trust Closed Fund (BUT.L, LSE:BUT, LON:BUT) entitled "Modestly Geared Global Equity Exposure". In summary, the report says:
The Brunner Investment Trust (BUT) is a global growth investment trust, managed by Allianz Global Investors (AGI). It aims to provide a cost-effective one-stop shop for investors seeking diversified global equity exposure and a good yield. The trust has a substantial allocation to the UK, which supports a yield (2.9%) above its peer group average (2.0%). The recent interim results suggest that BUT is on track to provide 42 years of uninterrupted dividend growth. As at 31 March 2013, and after payment of the interim dividend, BUT retained about two years of revenue reserves.
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