RIT Capital Partners (LON:RCP), the highly regarded investment trust chaired by Lord Rothschild, has recently released its annual results for 2016 and confirmed that it is maintaining its defensive positioning.
The £2.9bn fund began life as the Rothschild Investment Trust and was set up to manage part of the wealth of the UK branch of the Rothschild family. It was listed on the London Stock Exchange in 1988 and aims to deliver long-term capital growth, while preserving shareholders' capital.
Between inception in 1988 and the end of 2016 the fund has managed to build up an exceptional track record by participating in 76% of market upside, but only 39% of market declines. This has resulted in an average annual NAV total return of 11.5%, which is well ahead of the 8.8% per annum achieved by the MSCI All Companies World index (in Sterling terms) and the 9% annual return generated by the FTSE All-Share.
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