For one of the UK’s oldest listed vehicles, Bankers Investment Trust remains rather adept at shifting around its portfolio in response to modern market shocks.
Shortly before the onset of Covid-19 early last year, the share price was trading at record highs, only to drop like a stone in late February as lockdowns were imposed.
It moved swiftly in response, though, jettisoning its holdings in travel-related stocks such as airports and transport companies and cutting back its weighting in financials.
A deft move to build up exposure to technology stocks helped it to capitalise on the rally around the beneficiaries of working from home. And after another rethink late last year, again shifting the balance of tech and financial stocks, the share price has once
