Merchants Trust
Merchants Trust is a large British investment trust dedicated to investments in higher yielding FTSE 100 Index companies. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was established by the banker and art collector, Robin Benson, in February 1889. At that time, under Benson's guidance, it invested in North American railways but, in the mid-20th century, it refocussed on large UK listed companies. Nigel Lanning of RCM Limited became manager in 1984. RCM Limited was acquired by Allianz Global Investors in 2002and Simon Gergel became manager in 2006. The chairman is Colin Clark.