The Bankers Investment Trust PLC
BNKR.L
London Stock Exchange130.37
GBp
-1.03
(-1.05%)
The Bankers Investment Trust PLC
BNKR.L
(London Stock Exchange)
Recent
price
130.37
P/E
ratio
-65.7
div
yld
- -
ROIC.AI
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- Business
- The Bankers Investment Trust PLC (BNKR.L) is a UK-listed investment trust that seeks long-term capital growth exceeding the FTSE World Index and dividend growth surpassing UK CPI inflation through a diversified global equity portfolio. Incorporated in 1888 and headquartered at 201 Bishopsgate, London, the trust operates worldwide, primarily investing in approximately 100 high-conviction stocks selected by regional specialists across North America, Pan-European, Pan-Asian, and Japan sleeves; top holdings include Microsoft (6%), Alphabet, Broadcom, Amazon, and Apple, with heaviest sector allocations to technology (around 30%), financial services (22%), and industrials (12%). Managed by Janus Henderson Investors since the 2017 merger forming the firm, it maintains total assets of £1.56 billion as of October 2025, an ongoing charge of 0.51%, and gearing of 6%; it is classified in the AIC Global sector, constitutes the FTSE 250 Index, and holds a 58-year record of consecutive dividend increases, earning AIC Dividend Hero status. The trust's portfolio emphasizes companies generating strong cash flows for income and growth, blending value and growth styles with flexibility for emerging markets exposure and no fixed geographic or sector limits; it targets established large-cap firms, particularly FTSE 100 equivalents globally, while permitting smaller company investments. Recent portfolio adjustments reflect active management, including North American additions like Meta Platforms for AI-driven growth, Booz Allen Hamilton, and Eaton alongside sales of JPMorgan and Texas Instruments; Pan-Asian purchases encompass HCL Technologies, Hon Hai Precision, and TSMC with divestments from Woodside Energy, BHP, and Pilbara Minerals. In the last 1-2 years, lead manager Alex Crooke consolidated regional sleeves from six to four managers post the February 2025 departure of European specialist Jamie Ross, merging UK/Europe and Asia ex-Japan/China under his oversight to streamline to about 100 holdings; the trust continues share buybacks, repurchasing 880,000 ordinary shares on 6 November 2025 at 132p and 361,195 on 1 December 2025 at 133.05p for treasury, reducing voting shares while supporting NAV; gearing remains modest at 6% as of June 2025 amid a shift toward diversified global emphasis, with North America at 62-68%, Europe/UK at 15%, Japan at 10%, and Asia Pacific at 8%.