Annual results from GCP Infrastructure (GCP) have disappointed shareholders waiting for a big disposal that could fund a significant return of capital and reward them for holding on to stock standing 30% below net asset value (NAV). The £590m investment company, however, did say that its investment adviser Gravis Capital was “actively progressing transactions” that […]
JPMorgan Asia Growth & Income (JAGI) sounds confident as it prepares for its next three-yearly continuation vote in February after a strong set of annual results following the reorganisation of its fund management team last year. Rebounds in China, Singapore, Taiwan and Korea in the second half of the financial year more than offset problems […]
TwentyFour Select Monthly Income (SMIF) is considering upping some of its monthly dividends after another strong year saw the 8%-yielder once again surpass its 6p per share payout target. The £288m debt fund, which mostly invests in fixed income stocks and some “floating rate” assets, has paid shareholders 0.5p a month for most of its […]
Activist hedge fund Saba Capital doubled its position in SDCL Energy Efficiency Income (SEIT) to 10% on Tuesday, the day after its shares tumbled 18% after the company said in half-year results that it was looking at all strategic options, prioritising debt reduction and warned it may not recommend shareholders vote for the company’s continuation next year. […]
Jupiter and Goldman Sachs have today expanded their active ETF ranges following recent acquisitions enabling them to offer more to the rapidly growing segment of the exchange-traded fund market. Jupiter JOGS on Jupiter Asset Management has launched the Jupiter Origin Global Smaller Companies UCITS ETF (JOGS) on the London Stock Exchange and Swiss SIX exchange. […]
Ruffer (RICA) fund managers have flagged UK housebuilders as attractive now that Budget uncertainty is out of the way. In their monthly update, Jasmine Yeo, Ian Rees and Alexander Chartres, managers of the £868m defensive, multi-asset fund, said the overall UK stock market looked good value compared to global peers. “One area of opportunity is […]
Northern Venture Trust (NVT), Northern 2 VCT (NTV) and Northern 3 VCT (NTN) have reopened to subscriptions for the 2025/26 tax year as investors rush to take advantage of 30% income tax relief before a Budget cut to 20% takes effect next April. The companies, whose portfolios are run by Mercia Asset Management and recently […]
Polar Capital Technology (PCT) has enjoyed one of its best first half performances with net assets leaping 66% in a market rebound accelerated by the rapid expansion in artificial intelligence to which its portfolio is fully exposed. Net assets excluding borrowing surged from £3.8bn at 30 April to £6.1bn at 31 October as the investment […]
Fidelity China Special Situations (FCSS), the biggest and best performing of three London-listed China funds, combined excellent returns and outperformance in its latest half year. Interims for the £1.5bn investment trust managed by Fidelity’s Dale Nicholls showed it made a 29.7% total underlying return in the six months to 30 September that translated to a […]
Schiehallion (MNTN), the £890m Baillie Gifford growth capital fund, cleared its path for a main market listing tomorrow with 98% of shareholder votes in favour of changes to its articles of association and the issue of restricted voting “B”-shares. Proxy vote adviser ISS had questioned the new share class on corporate governance grounds, but a […]
