AGM Report

British Empire Securities and General Trust (BTEM) AGM Report 2012

AGM Date: December 13, 2012

Report Author: Roger Lawson

British Empire Securities and General Trust was originally formed in 1889. Asset Value Investors took over management of the fund in 1984 from which time the company probably developed its existing style and when assets under management started to rise substantially (currently £791m). It focuses on holdings in other investment companies, particularly where the shares stand at a discount to estimated underlying net asset value. Because of the investment policy, it is of course more focussed than many generalist investment trusts and performance has been somewhat pedestrian in recent years but over ten years it has well beaten relevant indices. There were about 200 shareholders present at the AGM at the Grocers’ Hall in the City of London at the convenient time of 12.00 noon which is a good turnout

...

Not a member? Join today

Joining ShareSoc helps to empower our collective voice in representing investors, but we also offer exclusive benefits:

Member events & Masterclasses
Regular newsletter
Member only on-line Forums / Q&As
Company data and Voting Guidance
Educational resources
Get involved in our activities

Join now