Information  X 
Enter a valid email address

Ruffer Investment Co (RICA)

  Print   

Tuesday 15 December, 2020

Ruffer Investment Co

Performance Update & Manager Comment

RNS Number : 7498I
Ruffer Investment Company Limited
15 December 2020
 

RUFFER INVESTMENT COMPANY LIMITED

(a closed-ended investment company incorporated in Guernsey with registration number 41996)

LEI 21380068AHZKY7MKNO47

 

 

Performance Update & Manager Comment

We wanted to give shareholders a short update on performance this year and to let you know about a new allocation to the digital currency bitcoin.

The portfolio has made strong progress amid the turmoil of 2020. To the 8th December NAV point the NAV total return is 12.2%. During the panic back in March, the protective assets did all we hoped they would. In the spring and early summer, gold and the inflation-linked bonds performed well. More recently, the economically sensitive equities have reacted very positively to the success of the covid-19 vaccines, leading the portfolio higher.

One recent addition, via one of the specialist managers appointed within the Ruffer Multi-Strategies Fund, has been bitcoin. This is primarily a defensive move, one made in November after reducing the company's exposure to gold.

The exposure to bitcoin is currently equivalent to around 2.5% of the portfolio. We see this as a small but potent insurance policy against the continuing devaluation of the world's major currencies. Bitcoin diversifies the company's (much larger) investments in gold and inflation-linked bonds, and acts as a hedge to some of the monetary and market risks that we see.

 

Performance data

Period to 30 Nov

2020 YTD

1 year

3 years

5 years

10 years

TR NAV (%)

11.1

13.5

14.6

27.2

52.5

 

Source: Ruffer LLP

 

"Past performance is shown after deduction of all fees and management charges, and on the basis of income being reinvested. Past performance is not a guide to future performance"

 

 

 

Enquiries:

 

Praxis Fund Services Limited

Gail Adams

DDI: +44(0)1481 755584

Email: [email protected]  

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
PFUBSBDDGDBDGGU

a d v e r t i s e m e n t