Eve Maddock-Jones, Investment Week, 11 August 2025: The UK real estate investment trust (REITs) sector has undergone a rampage of M&A activity in recent years, leaving a “leaner” sector and clients with fewer choices, but the upsides of greater, more efficient liquidity available. According to data from TIME Investments, which runs several hybrid property funds, […]
Cherry Reynard, Portfolio Adviser, 23 JULY 2024: It has been the busiest year on record for investment trust corporate activity, culminating in the creation of the giant Alliance-Witan at the end of June. Much of the merger activity has been concentrated in ‘distressed’ sectors, such as property and China, but the merger of these two […]
Christian Mayes, Portfolio Adviser, 26 FEBRUARY 2024: A range of mergers have been announced in the investment trust space in recent times. Among others, the £2.3bn JP Morgan Global Growth and Income trust announced plans to absorb the £71m JP Morgan Multi-Asset Growth & Income (MATE) in January, while last week saw a bidding war […]
Custodian Property Income REIT has published results for the year ended 31 March 2023. Its NAV (or net tangible assets, NTA in this sector) fell to 99.3p from 119.7p, contributing to an NAV total return of -12.5%. The NAV fall reflects a £91.6m writedown in the value of the portfolio, reversing gains of £94m recognised […]
One of the worst performing sectors in 2022 was property as the cheap borrowing taps were turned off and an abrupt end of a decade of quantitative easing saw interest rates and market expectations jump above prime property yields. It sent the share prices of most real estate investment trusts (REITs) on a downward spiral […]
Over £700m in deals produced a record year, but some say more mergers need to take place Jessica Tasman-Jones, Portfolio Adviser, 15 Feb 22: Investment trust boards have been accused of inertia when it comes to consolidation even after 2021 produced a record five deals worth £708m. This month, shareholders in beleaguered UK Mortgages discovered the […]
Kathleen Gallagher, Investment Week, 17 November 2021• 2 min read In the past 18 months, four trusts have fallen off the Association of Investment Companies’s (AIC) dividend hero list for various different reasons. However, investment trust experts are cautiously optimistic the list will grow over the next few years, with the main barrier to that […]
The road ahead Chrysalis Investments (CHRY) is seven years old, and its portfolio is increasingly mature. Since we last published, good progress with Starling and signs of a recovery at wefox have translated into NAV gains. A run of realisations has freed up sufficient liquidity to fulfil CHRY’s commitments under its capital allocation policy, and […]
The road ahead Chrysalis Investments (CHRY) is now seven years old, with a more mature portfolio. Since our last update, strong performance from Starling and signs of recovery at wefox have boosted NAV. Recent asset sales have provided enough liquidity for CHRY to meet its capital allocation commitments, and Klarna’s IPO increases the chance of […]
The road ahead Chrysalis Investments (CHRY) is seven years old, and its portfolio appears to be increasingly mature. Since the last publication, progress with Starling and indications of a recovery at wefox have contributed to NAV gains. A series of realisations has provided sufficient liquidity to fulfil CHRY’s commitments under its capital allocation policy, and […]
