Polar Capital Technology (PCT), the best performing investment trust over five years, took some profits last month and adopted a more defensive posture as a broadening rally in artificial intelligence (AI) stocks pushed its shares 18% higher and fund managers Ben Rogoff and Alastair Unwin made room for SpaceX in their portfolio. Rogoff told Citywire […]
Global inflows into exchange-traded funds (ETFs) hit a record $1.07trn in the first five months of the year with active ETFs capturing 38.5% of new money, according to data provider ETFGI. Building on last year’s momentum, active ETFs drew in $411.75bn from January to May, almost double the $220.5bn gathered in the same period last […]
NextEnergy Solar (NESF) has appealed for shareholders to vote for the company’s continuation at its annual general meeting (AGM) in August saying it is taking “decisive action” to narrow the 38% share price discount. In its annual results the £271m investment company said talks were underway with potential buyers for the first 45MW of 120MW of assets lined […]
Pantheon Infrastructure (PINT) has agreed to invest $55m (£41m) in Terra-Gen, a US renewable energy platform, through a co-investment vehicle managed by Igneo Infrastructure Partners, an Australia-based global fund manager owned by Mitsubishi UFJ Financial Group in Japan. The developer and operator of utility-scale solar, wind and battery storage infrastructure has its main operation in […]
Utilico Emerging Markets (UEM) has celebrated its 20th anniversary with a strong year for performance and the declaration of a 2.5p per share special dividend on top of shareholders’ 30.2% total annual return. Fund managers Charles Jillings and Jacqueline Broers delivered a 25.9% total underlying investment return for the year to 31 March that lagged […]
Marc van Gelder, chair of JPMorgan European Discovery (JEDT), will step down next month after nine years on the board, pleased that the change in fund managers he oversaw two years ago has turned round performance. Annual results show the £599m smaller companies trust run by JP Morgan portfolio managers Jonathan Ingram, Jack Featherby and […]
Cordiant Digital Infrastructure (CORD) is poised to enter the FTSE 250 after delivering a second year of strong returns with the shares continuing to rerate in anticipation of the returns from its big investment in datacentres. Annual results for the year to 31 March show the European and US portfolio generated a total underlying return […]
Invesco Asia Dragon (IAD) has hiked its dividends for the current financial year to 30 April 2027 by 21.5% to 19.2p per share reflecting the “significant increase” in returns the £1bn investment trust made in the last financial year and its policy of paying out 4% of net assets in quarterly distributions. The first interim […]
Ed Warner, chair of Foresight Environmental Infrastructure (FGEN), has announced he is stepping down after four years on the board as the company published its first set of annual results since re-setting its strategy a year ago. Warner, who will leave at the annual general meeting on 17 September, will be succeeded by senior independent […]
Partners Group Private Equity (PEY), a £576m investment company struggling with performance and a chronic 28% share price discount, is offering shareholders a 30% exit through a new class of realisation shares. The company, whose unquoted investments are run by Swiss fund manager Partners Group, has proposed a dual share class structure giving shareholders the […]
