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magazineRight time to own Ruffer as inflation pressures mount
RUFFER INVESTMENT COMPANY (RICA) 293p
Gain to date: 2%
Original entry point: Buy at 287.25p, 8 July 2021
Our bullish call on capital preservation trust Ruffer (RICA) is modestly in the money. Yet with inflationary pressures escalating, we’re more convinced than ever this is the right time to hold this multi-asset portfolio built to protect against inflation and financial repression, where saving rates are much lower than inflation.
Ruffer focuses on preserving and growing real – i.e. inflation adjusted – capital, regardless of financial market conditions and has a proven track record of making money in up and down markets.
A portfolio of assets spanning shares, inflation-linked bonds, gold and credit protection leaves Ruffer well-equipped to deal with the increasing inflation and economic and market volatility ahead.
During September, Ruffer’s share price rose by 0.2% and NAV edged ahead by 0.9%, which compared with a 1% decline for the FTSE All-Share index. Holdings in inflation-linked bonds and other less conventional protections did their job, enabling Ruffer to deliver a robust performance in the face of falling bond and equity markets.
SHARES SAYS: Keep buying Ruffer to protect against inflation and for rising dividends.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
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