0:00
They are a major player in the UK
0:02
investment landscape. They control more
0:04
than 22 billion in assets under
0:06
management. Upper Crust
0:08
>> Why do they own this stuff? What's it
0:10
>> These are funds which people who are a
0:12
member of the mutual will have in their
0:14
pensions or their investment portfolios.
0:16
So, they are managing people's savings
0:18
and investments on their behalf.
0:20
>> So, this is the farming equivalent of
0:21
the Canadian Teachers' Pension Fund.
0:22
>> In a sense, yeah. You could You could
0:24
call it that. You know, the NFU talks a
0:26
lot about backing Britain, backing
0:28
British farmers, and British business.
0:30
And indeed, if you look at the the
0:32
composition of their investments, they
0:34
are quite UK led. So, on their website,
0:36
they talk about their typical asset
0:37
allocation, and about a quarter of it is
0:39
UK equities compared to 17% North
0:42
American equities. Now, in a lot of
0:44
funds, it's the reverse where it's
0:46
overwhelmingly US equities and hardly
