I noted that CGT (Capital Gearing trust) has performed better than PNL (Personal Assets), (in fact over all periods up to 10 years), maybe because the latter holds more US equities which may have weighed it down more recently.
(On a general point, I also noted, understandably, that most growth trusts that I hold had fallen back more than growth & income trusts.).
However, to progress to my main point, during my research, I looked at the 3 month past performance table in the Flexible Investment category, (as that was the period during which most of the volatility and falls have occurred) and was surprised to see a trust I hadn't come across before, namely: JP Morgan Multi-Asset Trust (with the amusing ticker: MATE). Its objectives are stated as:
The Company has an objective of income generation and capital growth, while seeking to maintain lower levels of portfolio volatility than traditional equity portfolios.The Company will seek to achieve its investment objective through a multi-asset strategy, maintaining a high degree of flexibility with respect to asset class, geography and sector of the investments selected for the portfolio.
Its yield is quoted as 4.29% and discount -1.3%
Whilst it very early days yet, as the trust has only shown up on the 3 month tables, and it is still a small trust [under £100M] I like the fact it is using a multi-asset investment strategy and that it seeks to "maintain lower levels of portfolio volatility than traditional equity portfolios". I also like its holdings. So I shall be adding it to my watch list, to see how it fares in the new year, with a view to maybe adding it to my portfolio.
https://citywire.co.uk/funds_insider/in ... undID=4050
https://www.hl.co.uk/shares/shares-sear ... ary-shares
I did also look at Seneca (SIGT) in that same sector, (also a small trust), but was put-off by the fact that it was at a slight premium, that it holds other IT's some of which I already hold in my portfolio and I didn't like its direct holdings.