City of London increased its dividend for 52nd consecutive year – City of London Investment Trust (CTY) has published its annual report for the year ended 30 June 2018. The NAV delivered a total return of 6.3% over the twelve month period. The dividend was increased for the 52nd consecutive year, by 6.0%, which is ahead of inflation. In comparison, the FTSE […]
Gulf Investment Fund’s new strategy is in place – During the 12 months period to 30 June 2018, Gulf Investment Fund (GIF)‘s NAV per share rose by 7.8%. The S&P GCC composite index and the MSCI Emerging Markets index returned 8.6% and 5.8% respectively. Following a narrowing of the discount to NAV, the shares rose by 13.0%. The report goes into […]
Henderson European Focus Trust gets a new Co-Fund Manager – The board of Henderson European Focus Trust (HEFT) has announced that Andrew McCarthy has been appointed co-fund manager of the company’s portfolio alongside John Bennett. Andrew has only recently joined Janus Henderson and he was recruited specifically to work alongside John on his European long-only funds and mandates. Biography Andrew […]
Jupiter UK Growth’s domestic bias holds back performance – In its annual report for the period to 30 June 2018, Jupiter UK Growth Investment Trust (JUKG), the company reported a rise in its NAV per share (total return) of 4.0%. The company’s reference index, the FTSE All Share index returned 9.0% on the same basis. Performance A number of holdings were subject […]
Macau Property Opportunities disposal plan is on-track – Macau Property Opportunities Fund (MPO) reported on the progress of its gradual wind-up in its annual report for the period ending 30 June 2018. The chairman reported that the shareholders’ decision at the recent EGM to extend the company’s life until the end of 2019 placed them in a stronger position […]
AXA Property Trust gets a reprieve – As a result of the attendance of representatives of approximately 30% of the shares of the company at an Extraordinary General Meeting (EGM) who didn’t want the intended wind-up of the company to go ahead, AXA Property Trust (APT) will continue to operate. The EGM was held on 7 September 2018 […]
JPMorgan Global Growth & Income releases its 12 month results – The NAV of JPMorgan Global Growth & Income (JPGI) delivered a total return of +8.2%, whereas the company’s benchmark, the MSCI AC World Index rose by 8.9% (in sterling terms). The company’s share price returned 10.5% on the same basis, which reflects a narrowing of the discount to NAV. Performance Stock selection was the biggest […]
Primary Health Properties acquires key worker accommodation – Primary Health Properties (PHP) has announced that it has acquired a modern accommodation unit for the NHS keyworkers of Wansbeck General Hospital in Ashington, Northumbria. The purchase price of the unit is £22.8 million. Maple & Elm Court is located next to the Hospital and is let to Northumbria Healthcare NHS […]
NewRiver REIT agrees to run Canterbury shopping centre – NewRiver REIT (NRR) has announced that it has signed an asset management agreement with Canterbury City Council for the asset management of Whitefriars Shopping Centre. Implementing a new strategy NewRiver announced in May 2018 that it would become more involved in the running and managing of properties. Known as […]
AEW Long Lease invests in units in Kent – AEW UK Long Lease REIT (AEWL) has announced that it has purchased two industrial buildings on the Eurolink Industrial Estate, Sittingbourne for £3.9m. The purchase reflects a net initial yield of 6.3%. AEW is targeting an annual dividend of 5.5 pence per share paid quarterly, with an ambition to grow in line […]
