Where can I find the price of your funds in the offline financial press?

The share price for Manchester & London Investment Trust Plc is in the Financial Times daily and can be found in the Investment Companies segment of the Companies and Markets section.

Manchester & London is also listed on the Main List of the London Stock Exchange and the share price can be found on the LSE website here.

Why is MSCI UK Investable Index considered to be a good benchmark for Manchester & London given the Fund’s investment policy and current assets distribution (more US focused than UK)?

Manchester & London was set up in the 1970s for UK Investors to invest in a fund that attempts to beat the UK index. Nothing has changed since the 1970s as > 90% of the investors in MNL LN are still UK based and we believe such UK investors still want to beat their domestic benchmark. Hence, the benchmark’s relevance is derived from the domicile of the investor. The beauty of Manchester & London is that our purpose is to provide the UK investor with the best risk adjusted performance SO, by design, we do not unimaginatively fit a portfolio around a benchmark as our competitors do. (The latter method is designing for failure).
Further points:

1. The UK benchmark has been used as the Benchmark since the IPO in 1997. That’s a > 20 year history.
2. At times in those > 20 years, every stock in the portfolio has been UK listed. It is entirely theoretically possible that in 20 years’ time, every stock in the portfolio is again UK listed.
3. The Listing Rules remain silent regarding when Benchmarks should be altered.

Why does Manchester & London have Option positions in the portfolio?

Please read our explanatory LinkedIn article here discussing the rationale behind our Option positions.

Why does Manchester & London have Short positions in the portfolio?

Please read our explanatory LinkedIn article here discussing the rationale behind our Short Hedge positions.

Why does Manchester & London hold Alibaba and Tencent?

Please read our LinkedIn article here discussing our views on this question.

When does the investment era of software end and what comes next?

Please read our LinkedIn article here discussing our views on this topic.

Why does Mark Sheppard sell shares into the open market?  Should I be worried?

This is a good question and we provide regular updates on our Linkedin site here.

In conclusion, Mark BUYS a lot more shares than he sells but when the Market Makers need liquidity to satisfy demand on the open market he is willing to assist.