Inflation is dominating many investors' concerns right now as they search for safe havens. Shipping stocks are arguably one of the better places to hide out as they are able to access the inflation-linked economics of ship owning. Better still, buy a listed shipping investment trust and let the fund manager do the hard work for you.
Broker Peel Hunt recently initiated coverage on two such funds, Tufton Oceanic Assets [LON:SHIP] and Taylor Maritime Investments [LON:TMI]. Both have been rated as Outperform by Peel Hunt, but which is the better of the two?
Tufton Oceanic Assets, hereafter referred to as SHIP, is externally managed by Tufton Investment Management. It invests in second-hand vessels which it then hires out to third parties. It currently has 23 ships and has rotated its sector exposure out of container ships, which has been performing badly, and into the more lucrative area of tankers and bulk carriers. Launched in 2017, it has delivered a total return NAV of 94%.
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