The Globe Investment Trust plc was a very large

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

investment trust. It was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and was a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market ...

. The trust's portfolio included a mix of large, medium, and small-cap stocks across a range of sectors and regions. It was suitable for investors who are looking for international diversification and a long-term investment horizon.

History

The Company was founded in 1873 as an investment trust dedicated to international equities. It was managed by

Charterhouse Group Charterhouse Group is private equity firm focused on leveraged buyout investments in the US. The firm, which is based in New York City, was founded in 1973 and is one of the oldest buyout firms in the US. Since inception, the firm has raised m ...

. In July 1990 the

British Coal The British Coal Corporation was a nationalised corporation responsible for the mining of coal in the United Kingdom from 1987 until it was effectively dissolved in 1997. The corporation was created by renaming its predecessor, the National Co ...

Pension Fund launched a hostile and ultimately successful takeover bid paying £1.1bn for what was at the time the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

's largest investment trust.Closed-End Funds Open Plays for the Intrepid Investor
International Herald Tribune, 21 January 1995

References

Financial services companies based in London Financial services companies established in 1873 Companies formerly listed on the London Stock Exchange {{UK-company-stub