Investment Trusts
Ruffer Investment Company is a defensive investment trust managed with the objective of preserving capital and delivering positive returns through a wide range of market conditions. It invests across equities, bonds, gold, currencies and protective strategies.
Global equity investment, government and inflation-linked bonds, gold-related assets, cash, credit and derivatives used for portfolio protection and asymmetric returns.
Global liquid financial markets, with exposure determined by the manager's macroeconomic and capital-preservation views rather than a conventional equity benchmark.
Inflation and interest rates, equity valuations, gold prices, bond yields, currency positioning, market volatility and the effectiveness of protective strategies.
Underperformance in strong equity bull markets, derivative and counterparty risk, unexpected inflation or rate moves, gold volatility, currency movements and manager allocation decisions.
The portfolio entered the second half of 2026 with a deliberately defensive mix of equities, inflation-linked and conventional bonds, gold and protection strategies. Investors should focus on how the portfolio responds to renewed inflation, geopolitical volatility and changing interest-rate expectations, rather than on benchmark-relative equity performance.
Ruffer Investment Company typically pays dividends twice yearly, with ex-dividend dates normally in March and October. The payout is secondary to the capital-preservation mandate and can vary with portfolio income rather than following a fixed growth target.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.