Manchester & London Investment Trust plc is an investment company that operates as a closed-ended investment trust. It aims to achieve capital appreciation by actively investing in a diversified portfolio of global equities, fixed interest securities, and derivatives. The company serves a range of investors by providing exposure to various asset classes and geographies, while maintaining a focus on growth-oriented stocks. Its investment strategy allows for flexibility in asset allocation and risk diversification, with a portfolio typically comprising 20 to 100 holdings.