Schroders Capital Global Innovation Trust plc - INOV
Formerly Schroder UK Public Private Trust plcInnovation has no borders
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A compelling long-term growth opportunity
Schroders Capital Global Innovation trust provides access to the leading growth businesses of the future
Invest with an experienced venture specialist with proven expertise
Schroders Capital’s private equity team has a strong track record and has been investing in global innovation for over 25 years
Benefit from a global innovation remit
Exposure to some of the world’s most promising innovators, with a focus on eight themes across technology and healthcare
At a glance
Annual Results 2023
In March 2024, Tim Creed and Harry Raikes presented the Trust's annual results for the year ended 31 December 2023.
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As at 31 December 2023
Performance
For further performance data please visit the London Stock Exchange website
Ongoing charge: 0.98%
Performance fee: None until end-2022, then 15% of any gain in the NAV (Net Asset Value) above 77p, and subsequently 15% of any gain above 10% per annum.
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Who are Schroders Capital?
Schroders Capital is our dedicated private assets business. We've been managing private equity for investors of all types globally since 1997.
The Portfolio Managers
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Independent Board of Directors
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Investing in the Schroders Capital Global Innovation Trust
Non-Mainstream Pooled Investments (NMPI) Status
The Company currently conducts its affairs so that its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company's shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in an investment trust.
What are the risks?
Long-term outcomes are more binary – extremely attractive rewards for success but some businesses will inevitably fail to fulfil their potential and this may expose investors to the risk of capital losses
As it can take years for young businesses to fulfil their potential, this investment requires patience
The price of shares in the trust is determined by market supply and demand, and this may be different to the net asset value of the trust. This means the price may be volatile in response to changes in demand
The trust may invest in overseas securities and be exposed to currencies other than pound sterling – as a result, exchange rate movements may cause the value of the trust, individual investments, and any income paid to decrease or increase
The trust may invest in unquoted securities, which may be less liquid and more difficult to value, because they are generally not publicly traded – the lack of an open market may also make it more difficult to establish fair value
Young businesses have a different risk profile to mature blue-chip companies – risks are much more stock-specific, which implies a lower correlation with equity markets and the wider economy
The Company may borrow money to invest in further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase in value by more than the cost of borrowing, or reduce returns if they fail to do so.