Temple Bar’s investment objective is to provide investors with a growing income combined with growth in capital. It aims to meet this objective by investing primarily in UK equities, across different sectors, maintaining a balance of larger and smaller/medium-sized companies. The trust has a bias towards FTSE 350 companies.
The Trust is managed by Nick Purves and Ian lance of RWC Partners who have over fifty years of investment experience between them and have been working as a partnership for over thirteen years.
The strategy employed by Temple Bar is known as value investing; that is the process of buying a company’s stock for less than its true worth (sometimes known as its intrinsic value).
By buying at a discount, this strategy builds in a ‘margin of safety’ and whilst in the short term an undervalued company’s share price might fall further, in the long run the built-in value tends to get recognised by other investors and the share price rises to represent the stock’s intrinsic value. There is much empirical evidence to show that value strategies have delivered excess returns over the longer term.
Of course, some companies are cheap for a good reason, but we believe investments in good quality yet undervalued companies with strong cash flows and robust balance sheets offer the best potential for attractive long-term investment returns.
It’s important to remember that there is no guarantee that a company’s valuation will recover. In addition, future and dividend growth is not guaranteed. As a result, the value of your shares in Temple Bar and the income from them can fall as well as rise and you may lose money. Further key risks we believe are faced by Temple Bar investors can be read here.
Find out more about our investment approach.
- The investment trust launched in 1926
- Temple Bar is an independent company with a board of directors whose responsibility is to seek the best investment return for its shareholders
- As at 1 January 2018 there are over 30,000 current investors
- The trust has been recognised by the AIC as a Dividend Hero, having been one of a small number of investment trusts that have increased their dividend for over 20 consecutive years
- Temple Bar Investment Trust currently holds a ‘RATED’ status from independent fund rating and research agency, RSMR. It has held this rating since December 2015.*
*Fund ratings may be provided by independent rating agencies based on a range of investment criteria, and do not constitute investment advice by Temple Bar Investment Trust or Ninety One. For a full description of the ratings please see https://group.rsmr.co.uk/investors/fund-rating/