Kepler Trust Intelligence | Investment trust research

Kepler Trust Intelligence is a digital publication for discretionary fund managers and private investors published by the investment companies team at Kepler Partners.

Kepler Trust Intelligence exists in two forms. Our website for private client fund managers, discretionary managers, wealth managers and family offices is updated monthly, and our website for private investors, which is free to use and available to everyone, is updated weekly.

Both of these sites feature detailed investment trust research and analysis written by experienced professional investment trust analysts, examining the UK's biggest investment trusts and the discounts, premiums, dividend, share price and market related issues which affect them, and we also aim to generate investing ideas and strategies, including model portfolios, for investors who are considering investment trusts as a route to the market.

Click here if you would like to visit our site for discretionary fund managers.

Click here if you would like to visit our site for private investors.

The aim of this websites is to highlight investment trusts which we believe are interesting, and to provide a detailed and compelling factsheet style research note about each of them.

You'll find analysis of current investment themes, sectors and regions, alongside detailed profiles of individual trusts which are relevant in the context of these themes.

Professional investors will also find updates on the progress of our model portfolios. In 2015 we launched three 'best ideas' portfolios, designed to meet what we believe are three core client needs in a way that exploits the advantages of the closed end structure; namely a resilient income, above average long term growth, and a chunky income which does not eat in to capital - the latter for annuity and pensions investors.

All of our content is written by experienced analysts on the investment companies team at Kepler which, between its four members, has more than fifty years experience focused on the closed end fund sector.

At Kepler Partners we are focused on the needs of the private client fund management community, and we understand that investment trusts are only one of the options available to readers of our research. For this reason, wherever possible we seek to show investment trusts on a level playing field with unit trusts and OEICs, especially in performance terms.

We believe investment trusts, as more and more of them move to capitalise on their structural advantages - gearing, the ability to smooth dividends, and the ability to manage their own liquidity, among them - are on the front foot, and we hope that you find our research as interesting and exciting to read as we have found it to write.

Welcome to Kepler Trust Intelligence.

Pascal Dowling

Kepler Partners

How are we funded?

To avoid any doubt about conflicts of interest we think it’s important to explain how this publication is funded.

Our revenues are based on advertising from the asset management groups, which run investment trusts, and want exposure to an audience which is engaged with authentic, useful content.

Our advertisers can insert links to their own material – videos for example - into the content, and they can pay for a page where they can talk about their own products in the edition.

Investment trusts can also pay for us to write a piece of research about them specifically, and where we do this will be clearly marked as 'non-independent research'.

Where we do produce research on a 'paid-for' basis we strive to ensure that a clear, useful picture of the trust in question is the result, not just a puff piece, and we would like to stress that the majority of research we publish is not paid-for by anybody; as a rule-of-thumb around 70% of the fund-specific research we produce is wholly independent.

Important Information

This website is aimed only at providing information to professional investors. Kepler Partners LLP is not permitted to conduct investment business in the United Kingdom with retail clients and accordingly such persons should not access this website.

No information or opinions contained in this site constitute a solicitation or inducement by Kepler Partners LLP to buy, sell or subscribe for any securities mentioned herein or to provide any investment advice or service. Information on this Website may or may not have been prepared by Kepler Partners LLP, but is made available without responsibility on the part of Kepler Partners LLP, who neither assumes nor accepts any responsibility or liability (including for negligence) in relation thereto. No action should be taken or omitted to be taken in reliance upon information on this website.

Opinions expressed are subject to change at any time. The material is based upon information which is considered reliable, but no representation is made as to accuracy, completeness or timeliness, and should not be relied upon. Past performance is not an indication of future performance. This document is a marketing communication under FCA rules and has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Kepler Partners LLP reserves the right to change the information available on this Website without notice and expressly disclaim any obligation to keep the information on this Website up-to-date, free of errors or viruses or to maintain uninterrupted access. Kepler Partners LLP may stop producing or updating any part of this Website without notice.

United States persons (as defined in “Regulation S” of the US Securities Act of 1933) and persons who are residents of the United States of America may not use this website. Information on this website may not be forwarded to any entity in the United States of America. Furthermore, the contents of this site are not intended for distribution to, or use by, any individual or entity in any jurisdiction where their distribution or use would be contrary to local law or regulation or which would subject Kepler Partners LLP to registration with the jurisdiction.

You should be aware that any rules and/or regulations applicable to providing financial services (and the resultant investor protections that may be available), may not apply to persons who obtain information from the internet and its various applications, of which this material forms part.


Welcome to Trust Intelligence

This site is designed for investment professionals and other intermediaries authorised in the UK by the Financial Conduct Authority. If you are not an investment professional or authorised intermediary you should not proceed.

By continuing to use this site, you confirm that you are a professional investor as defined in our terms and conditions.

Close Current Site Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.