Simon Gergel, portfolio manager of the Merchants trust, tells Investment Week about the company's history as it celebrates its 125th anniversary.
The Merchants Trust was incorporated in 1889 and celebrates its 125th anniversary this month. Over the years, the trust has experienced all manner of market conditions and many international conflicts, including two world wars. It was established during an ‘investment trust boom’ at the end of the 19th century, and it set out to provide investors with an opportunity to benefit from some of the growth industries of the day. This meant the initial focus was on railway expansion in the United States, Canada and South America. Right from the start, however, it diversified its portfolio...
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