Half-year results from Manchester & London (MNL) show the price the £297m technology fund paid for having around a quarter of its assets in Microsoft when the market turned negative on the IT colossus’ approach to artificial intelligence (AI) last year. A slump in the shares of the US software giant from last October as […]
High-yielding corporate debt fund Fair Oaks Income (FAIR) will switch its reporting currency from dollars to euros and cut its 2 US cents quarterly dividend to 1 euro cent which will reduce its base yield to 10% from 17% currently. There will also be a 1 for 10 share consolidation. The £186m investment company said […]
JPMorgan Global Growth & Income (JGGI) fund managers have cut their underweight to the AI tech rally, adding Google-owner Alphabet and US chip maker Broadcom to the portfolio, after their wariness on market momentum saw the £3bn investment trust underperform in the second half of 2025 with a total 9.1% investment return falling behind the […]
Schroder Asian Total Return (ATR) fund managers Robin Parbrook and King Fuei Lee are considering adding some defensive hedges to protect the portfolio from increasingly expensive Asian stock markets showing “signs of AI-related froth”. Their cautious tone came in annual results showing the £567m investment trust made an underlying return of 14.2% last year with […]
US Solar Fund (USF), the £98m renewables fund run by Amber Infrastructure, will “pause regular dividends” after a 0.255 cents per share fourth quarter dividend. This is to conserve cash after an 11.7% fall in generation caused by unplanned outages last year left its pay-outs uncovered. Annual results showed net asset value (NAV) fell 4.1% […]
Floating rate debt fund CVC Income & Growth (CVCG) has sought to reassure investors after falls of more than 8% in its sterling and euro share classes this year. While private credit markets have been hit by the gating of funds run by Blue Owl Capital and BlackRock, CVCG says it is mainly exposed to […]
Aberdeen Asian Income Fund (AAIF) had a strong 2025 generating a 22.2% underlying return that beat the 21.3% of the MSCI AC Asia Pacific ex Japan index, with performance boosted by Aberdeen fund managers Eric Chan and Isaac Thong’s technology stocks benefiting from spending on artificial intelligence (AI). Shareholders enjoyed a 30% return as the share […]
Fidelity European (FEV), a £2bn sector leader after last year’s merger with Henderson European, made a decent 16.3% underlying return in 2025, helped by its holdings in banks and other financials. However, it hugely underperformed the FTSE World Europe ex-UK index which shot up 27.9% as cheap value stocks did better than the quality growth companies […]
Saba Capital has doubled its stake in Molten Ventures (GROW) to 10%. Shares in the £811m digital start-up fund, whose largest holding is in $75bn UK neobank Revolut, stand on a wide 37% discount giving the activist investor plenty to go for. Despite the valuation gap, GROW shares have shot up 67% in the past […]
Annual results from BlackRock World Mining (BRWM) have left investors on tenterhooks as to whether the £1.6bn investment trust can repeat last year’s “stellar” performance as conflict in the Middle East and high oil prices hang over markets. Shareholders in the largest London-listed mining funds received a 74.1% total return in 2025 in line with […]
