Investment Co. Plc · LSE:INV
Investment — The Investment Company — Investor Presentation (August 2026)
23 slides from Investment's investor presentation, August 2026
Slide 1: August 2026 Update
Seeking to protect and grow long-term wealth through a concentrated, actively managed portfolio of scarce assets that protects capital through changing economic environments. August 2026 Update
Slide 2: Investment Team
Investment Team Ben McKeown - Lead Fund Manager Investment Director at Dowgate Wealth since July 2020; holds a BSc (Hons) in Economics from Oxford Brookes University. Chartered Financial Analyst (CFA) and Chartered Fellow of the CISI. Started career in 2008 at Killik & Co; later Investment Director
Slide 3: Relaunch of the Investment Company
Relaunch of the Investment Company New Portfolio Manager Why Dowgate Wealth On the 10th of July 2026, The Investment Company announced a change Relevant investment-company experience: Manages Onward Opportunities, which in direction for the company, including: grew from launch to more than £50m. The
Slide 4: New Investment Strategy
New Investment Strategy Investment Objective Portfolio changes as at 31/8/26* Protect and grow long‑term capital via a diversified portfolio Established our foundational reserve‑asset positions to of strategic, real assets and inflation‑hedged investments. anchor the Investment Policy. Target alloca
Slide 5: The Investment Opportunity
The Investment Opportunity
Slide 6: Fiscal Policy Backdrop
Fiscal Policy Backdrop * Nov 2024 - Trump announces DOGE initiative, led by Elon Musk and Vivek Ramaswamy. Jan 2025 - DOGE formally established at the start of Trump's second term. Jul 2026 - DOGE temporary organisation sunsets after 18 months. Federal Surplus/Deficit (USD) US Government Debt (USD)
Slide 7: Monetary Policy Backdrop
Monetary Policy Backdrop *Stanley Druckenmiller: “Governments defending prices against fundamentals always lose,” “The long bond yield is the most important price in the world. It is also the only fiscal disciplinarian the US has left.” Federal Funds Rate (%) 10Y Yield (%) “Inflation is transitory”*
Slide 8: Erosion of Purchasing Power
Erosion of Purchasing Power Volker Legacy (1979-1987) "Our long-established pattern of adjusting short-term market interest rates by small increments … tended to be too little, too late to influence expectations… Now, after years of compromise and flinching from a head-on attack on inflation, it was
Slide 9: Reserve Asset Protection
Reserve Asset Protection GOLD (USD) M2 MONEY SUPPLY (USD) What happens next? M2 Money Supply (USD) Gold is the most established example of a Gold (USD) Reserve Asset* In our opinion, we are now in a battle of Fiscal vs Monetary policy. In our view, Fiscal policy dominates, leading to heightened infl
Slide 10: The Strategy
The Strategy
Slide 11: The Strategy
The Strategy STRATEGIC INFLATION FOUNDATIONAL EQUITIES PROTECTED RESERVES INSTRUMENTS Equities in businesses with strong Gold has seen increased adoption as Index-linked instruments may provide competitive advantages have a reserve asset in recent years, some protection against inflation and histori
Slide 12: Asset Allocation as at 31/8/26
Asset Allocation as at 31/8/26 ASSET ALLOCATION (%) 24% STRATEGIC EQUITIES 39% Volatility Weighting Weight Asset Class Input* as at 31/8/26 Ranges FOUNDATIONAL RESERVES INFLATION PROTECTED INSTRUMENTS Strategic Equities 11% 39% 20%-80% 37% Gold / Monetary 20% 32% 10%-40% Metals CURRENCY EXPOSURE (%)
Slide 13: Strategic Equities
Strategic Equities Equities in the portfolio are tested against our 5 Investment Universe scarcity rules: Rule 1 - Ownership or production of scarce Focus List Portfolio resources. Rule 2 - Dominant market positions that are ROE Tobins Q protected by patent, regulatory or structural Market Share > 2
Slide 14: Foundational Reserves
Foundational Reserves Characteristics* Gold Bitcoin Equities We will invest in monetary metals, primarily gold and silver bullion, and Scarcity / Low Level of Supply scarce assets such as Bitcoin. Liquidity & Accessibility The core sleeve will aim to use these holdings as a way to counter against cu
Slide 15: Portfolio as at 31/8/2026
Portfolio as at 31/8/2026 Scarcity Top 10 Strategic Equities % Top 5 Foundational Reserves % Asset Top 3 Index Linked Instruments % Currency Rules* Airbus 4.1% Wisdomtree Physical Gold ETF 14.3% Gold UK Index Linked Gilt (10/08/28) 4.8% GBP Amazon 3.2% Wisdomtree BTC (ETN) 5.7% Bitcoin UK Index Link
Slide 16: Why The Investment Company?
Why The Investment Company? Area The Investment Company Objective Seek to preserve and grow capital in real terms Benchmark Flexible Investments Strategic equities, gold, silver, Bitcoin-related exposure, cash and inflation-protected Asset mix instruments Portfolio Construction High-conviction holdi
Slide 17: Appendix
Appendix
Slide 18: Summary Term Sheet
Summary Term Sheet Company The Investment Company Listing London Stock Exchange Structure A closed-ended investment company registered in the UK Objective Seeking to protect and grow long-term wealth through a concentrated, actively managed portfolio of scarce assets that protects capital through ch
Slide 19: The Board - Combined Shareholding c.£490k
The Board - Combined Shareholding c.£490k* Martin Perrin Ian Dighe Tim Metcalfe Non-Executive Director Non-Executive Non- Executive Chairman Non-Independent Director Audit Committee Ian was appointed to the Board on 6 Tim was appointed to the Board on 6 Martin was appointed to the Board in July 2018
Slide 20: Backtesting
Backtesting S&P500 Metric INV (SPY) Total Return 383.6% 234.1% Final Value of $100 $483.62 $334.10 Annualised Return (CAGR) 17.1% 12.8% Simulated Backtested Performance (2016-2025) The backtest supports the strategy's core proposition: the potential to Best Year 30.3% 28.9% deliver equity-like retur
Slide 21: Backtesting
Backtesting What the Backtest Illustrates Over this historical period and using the assumptions applied in the model, the simulated portfolio generated the return and volatility characteristics shown above. The results reflect the particular market conditions experienced between 2016 and 2025 and sh
Slide 22: Disclaimer
Disclaimer This is for information purposes only and is not to be considered as advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information does not take into account a persons specific investment objectives, financial situation or partic
Slide 23: August 2026 Update
Seeking to protect and grow long-term wealth through a concentrated, actively managed portfolio of scarce assets that protects capital through changing economic environments. August 2026 Update
The Investment Company — Investor Presentation (August 2026) on 6ix