London Stock Exchange celebrates the 50th listing anniversary of Capital Gearing Trust
Capital Gearing Trust plc (“CGT”), the prominent absolute return investment trust, today closed the Markets of the London Stock Exchange to celebrate half a century as a London-listed company. CGT was admitted to the LSE in 1973, and Peter Spiller has been at the helm as the investment manager since 1982, holding this position to the present day. Under his leadership, the Company has delivered some of the best returns on the London Stock Exchange. Since 1982, the share price total return has been an impressive 262x, with only two years of negative net asset per share total returns. In 2022, Capital Gearing Trust was included in the FTSE 250 index.
In its early years Capital Gearing Trust invested entirely in investment trust securities. Over recent decades, CGT has pioneered a multi asset approach to investing expanding its focus to include government bonds, corporate bonds and a broad range of collective funds. CGT is managed with an unconstrained approach and has two core objectives: to preserve capital and to grow shareholders’ real wealth over the long term. The objective is to provide consistently positive, total returns regardless of economic environments.
Capital Gearing Trust is dedicated to forging a strong partnership with its shareholders. CGT has grown the ongoing costs have fallen dramatically. In addition to its competitive fees and strong track record, a significant factor driving the trust’s growth has been the adoption of the ‘discount control policy,’ introduced by the board of Capital Gearing Trust in 2016. This policy aims to protect shareholders by ensuring that, under normal market conditions, the share price closely aligns with the underlying net asset value (NAV) of CGT. By minimizing the divergence between the share price and NAV, the policy helps to provide shareholders with fair value for their investments, reducing the risk of their shares trading at a significant discount to the actual worth of the Capital Gearing Trust’s assets.
