Trusts |
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INVESTORS TRUST
The trust
The Investors Trust was established in 1994 by an Act
of Parliament, to offer the councils, committees and congregations
of the Church a simple and economical medium for the investment
of their funds. Investors are at liberty to invest in
the trust to an unlimited extent, meaning that the trust
offers preferable powers of investment than the restricted
conditions laid out in the Trustee Investment Act of 1961.
The Church of Scotland Investors Trust provides three funds for investors.
These are:
The Deposit Fund
This fund is intended for short-term investment and aims
to provide a high rate of interest. Deposits are repayable
on demand with interest calculates quarterly in arrears,
paid gross in May and December. The fund is invested mainly
in short-term loans to backs, building societies and licensed
deposit taking institutions. The Deposit Fund is professionally
managed by Thomas Miller Investment Limited, based in
London and Edinburgh.
The Growth Fund
This fund is very largely equity-based and is intended
for long-term investment. The fund is operated on a unitised
basis and aims to provide capital growth. Units can be
purchased or sold monthly. Income is distributed gross
in May and November. The Growth Fund is professionally
managed by Newton Investment Management Limited, based
in London.
The Income Fund
This fund is intended for medium-term investment and aims
to provide immediate high income with funds invested predominantly
in fixed-interest securities and operated on a unitised
basis. As with the Growth Fund, units can be bought or
sold monthly with income distributed gross in May and
September. The Income Fund is professionally managed by
Baillie Gifford and Company, based in Edinburgh.
Unit prices
Visit our extranet site for information about our current
unit prices. This information is posted online as soon
as possible when it becomes available, usually the fourth
or fifth business day of the month.
Membership
Members of the Investors Trust are appointed by the General
Assembly having been nominated by the department. The
Chairman is D. M. Simpson and I. J. HUnter is the vice-chairwoman.
Iain Grimmond, the Church's general treasurer, is also
treasurer of the trust. The secretary is Fred Marsh.
Contact us
For further information or to request application forms
for investment please email
Or you can contact:
The Secretary
Investors Trust
Church of Scotland
121 George Street
Edinburgh
EH2 4YN
Telephone: 0131 225 5722
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In this section
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Introduction
Welcome to the Church's trusts
overview pages
Pension
Trustees
Responsible for the investment
of all Church pension schemes on a unified basis
Investors
Trust
Offers Church groups a simple
and economical medium for the investment of their funds
Church
of Scotland Trust
Holds properties outwith Scotland
and acts as trustee in a number of third party trusts
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