Manchester and London Investment Trust plc is a United Kingdom-based investment company. The investment objective of the Company is to achieve capital appreciation together with a reasonable level of income. The Company seeks to invest in companies whose shares are admitted to trading on a regulated market. The Company may invest in a small number of equities and fixed interest securities of companies whose capital is not admitted to trading on a regulated market. The Company may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies and interest rates. The Company's investment portfolio includes technology, consumer goods, healthcare and pharmaceuticals, alternative finance funds, and other sectors. M & L Capital Management Limited is the Company's investment manager.