Heritage Portfolios

A low-cost actively managed portfolio service designed for long-term capital growth through the use of investment trusts.

Many seasoned City professionals will expound the virtues of investment trusts over their open-ended investment company (OEIC) counterparts. Investment trusts highlight lower fees, increased diversification and significantly better investment returns over the longer term.

Investment trusts were a Victorian invention and were a means to raise private capital to fund new developments, like railways across the world. They also allowed more moderate investors the same access to the stock market that had previously only been available to much larger capital investors and organisations.

Throughout its long history, the investment trust industry has continued to adapt to meet investors’ needs. In the last decade, the infrastructure, debt and property sectors have evolved to satisfy demand for income.

The investment trust industry has continued to invest in ground-breaking opportunities including technology, biotechnology, healthcare, emerging and frontier markets, private equity and venture capital. These recent developments continue to make investment trusts both highly attractive and relevant to investors.

Crossing Point Heritage portfolios are managed in a similar way to the Guardian portfolio services. Within our Heritage Portfolios, we add a tactical trading overlay to a traditional management style.

Reduced Fees

Lower management costs than open-ended investment companies.

Excellent Returns

Superior long-term performance and more varied sources of income.

Investing Diversification

Greater diversification and range of holdings.

Key Objectives

  • Superior long-term performance and returns
  • Greater diversification and range of holdings
  • Global equity strategies
  • Flexible investment management
  • Lower management costs than open-ended investment companies
Heritage Cautious Portfolio

Cautious Portfolio

The Heritage Cautious Portfolio is an active growth strategy. It is aimed at medium to long term investors who are seeking capital growth from a diversified portfolio of equity investment trusts.

Read More
Heritage Balanced Portfolio

Balanced Portfolio

The Heritage Balanced Portfolio is an active growth strategy. It is aimed at medium to long term investors who are seeking capital growth from a diversified portfolio of mainly equity investment trusts.

Read More
Heritage Strategic Portfolio

Strategic Portfolio

The Heritage Strategic Portfolio is an active growth strategy. It is aimed at medium to long term investors who are seeking capital growth from a diversified portfolio of mainly equity investments trusts.

Read More
Heritage Adventurous Portfolio

Adventurous Portfolio

The Heritage Adventurous Portfolio is an active growth strategy. It is aimed at medium to long term investors who are seeking capital growth from a speculative portfolio of mainly equity investment trusts.

Read More
Heritage Performance Report

Performance Report

Here are the FE Analytics reports that compare the relative performance over the past five years and the respective technical ratios for each of the four Heritage Portfolios against one another. These reports are updated monthly.

Performance Report
Heritage Performance Review

Quarterly Performance Review

This review covers the quarter until the 30th April 2022.

Quarterly Performance Review

The benefits of investment trusts

The long-term performance of investment trusts is significantly aided by the fact that the investment managers do not need to hold excessive cash balances or sell assets in order to accommodate redemptions as do their open-ended investment company (OEIC) counterparts.

Being ‘closed-ended’, managers can invest in less liquid assets such as private equity, infrastructure and specialist commercial property and therefore a longer-term plan can be engaged. This process can bring greater diversification to the strategy resulting in better long-term returns and more varied sources of income.

Investment trusts also have the option to borrow up to a certain percentage of the underlying portfolio. This can potentially amplify the returns if the environment is favourable and the opportunity appropriate. There are strict rules in place to limit this process in order to avoid magnifying the potential risk.

Prof Mike Buckle Investment Manager
The virtues of investment trusts are characterised by lower fees, increased diversification and significantly higher investment returns over the longer term.

Prof Mike Buckle

Investment Manager

Proof is in Performance

Analysis conducted by Winterflood Securities in late 2017 demonstrated that investment trusts beat open-ended funds around 80% of the time. A comparison table of 45 investment trusts with a five-year track record shows that 35 (or 78%) achieved better net asset value (NAV) returns and 36 (or 80%) delivered higher shareholder returns than their open-ended investment company equivalent.

Over a five-year period to the end of 2017, investment trusts average annual outperformance was 1% for NAV and 2% for share price gains.

Tomiko Evans Chief Investment Officer
We are not stock brokers so we do not research or analyse individual company shares. We therefore do not offer individual stock based portfolios. We are asset allocators, market monitors and tactical traders.

Tomiko Evans

Chief Investment Officer

Read More Investment Views from our blog

Heritage Portfolios, a low-cost actively managed portfolio service designed for long-term capital growth through the use of investment trusts.

Take a fresh look at Investment Trusts

For many years, the UK IFA community has not, in the main, promoted the benefits of investment trusts to their clients. This has perhaps been due to the alternative unit trusts and latterly OEICs o...