News

13 Feb 2026

ARK active ETFs – no medals so far this year

Reviewing the returns in the active ETF sector in the early weeks of 2026, one company stands out for its negative results, and it is quite a turnaround from last year. Cathie Wood’s Florida-based ARK Investment Management had a storming 2025 (which we covered HERE), with ARK Innovation ETF and ARK Artificial Intelligence & Robotics […]

23 Jan 2026

JP Morgan removes fund restrictions on defence stocks

JP Morgan, the dominant player in the European active ETF market, has issued a notice to shareholders informing them that they are removing a long-standing constraint on investment in defence companies. Previously, the 13 active ETFs concerned – along with a range of other funds – were restricted to a 10% revenue threshold for conventional […]

16 Jan 2026

Fed up of TACO? Trump bites at Powell

President Trump’s attacks on the independence of the Federal Reserve – the US central bank – have ratcheted up significantly in recent weeks. For the past year (and indeed during much of his first term) Trump has made no secret of his frustration that the chairman, Jerome Powell (who Trump himself originally nominated) has not […]

23 Dec 2025

Active ETFs in 2025: ARK takes gold and silver

ARK Investment Management – the Florida-based firm founded and run by Cathie Wood – occupies the top two positions for European active ETF performance in 2025 (all figures to 19/12/25). Elsewhere in the top five performers, it was European-focused funds that delivered the best returns. Both ARK funds are technology and innovation focused. ARK Innovation […]

05 Dec 2025

The Santa rally – reality or myth? And can trust investors benefit?

The wreaths are up, and the mince pies are in the oven. And in the investment world too we have our own end-of-year traditions. Foremost amongst these is the “Santa rally”, specifically the old lore that the market invariably performs strongly over the festive period. But is it true? And if so, can trust investors […]

07 Nov 2025

Active ETFs: the rise of thematic investing – to the sky, and beyond

We have written previously about the rapidly growing European active exchange-traded fund (ETF) sector. One of the more interesting aspects of this growth has been the role of thematic funds, and we have had a good example this week, with the launch of the ARK Space & Defence Innovation UCITS ETF (ARKX). Having listed in […]

03 Oct 2025

Brave new world: Middlefield Canadian Income Trust is converting to an active ETF

In this slot four weeks ago, we wrote an introduction to active exchange traded funds (ETFs, which can be read here) and we are returning to the topic due to some interesting related news. The long-standing investment trust Middlefield Canadian Income (MCT) has announced its intention to convert to an actively managed ETF under the […]

05 Sep 2025

Active Exchange Traded Funds – an introduction

While the number of trusts has been falling, certain other, newer, structures have been multiplying. Among these are Long Term Asset Funds (LTAFs) and private structures. Another is the subject of this piece: active Exchange Traded Funds (ETFs). An interesting recent development in the investment companies sector is the planned conversion of Middlefield Canadian Income […]

11 Jul 2025

Overcoming a cash ISA allowance reduction through investment trusts

There has been much press speculation in recent weeks that the Chancellor Rachel Reeves intends to reduce the cash ISA allowance from its current level of £20,000 per annum. The Financial Times reported on 30 June that an announcement is expected in the Mansion House speech on 15 July. Whilst no final decision on the […]