The Merchants Trust – Equity proposition
Equity proposition
22 February 2024
The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz Global Investors. He employs a disciplined bottom-up stock selection strategy to construct a portfolio of 40–60 primarily UK equities, although up to 10% of the fund can be invested in overseas companies. Below, we highlight the important elements of MRCH’s investment story. Below are the four key points of its investment story. •MRCH offers the prospects of an above-average level of income and income growth as well as long-term capital appreciation. •MRCH’s manager, Simon Gergel at Allianz Global Investors, employs an unconstrained approach, seeking high-quality companies that are trading at a discount to their estimated intrinsic value. •MRCH has a commendable performance record and there is high demand for its shares. •The UK market looks very attractively valued. MORE »