Aberdeen Asia Focus (AAS) beat its benchmark by 29.4% over the five years to 31 July, passing the performance test that would otherwise have triggered a tender offer. The board says a new five-year performance test period began on 1 August. As before, if the trust fails to at least match its benchmark over this […]
On 3 August 2026, Xtrackers MSCI Innovation UCITS ETF gave two weeks’ notice of a meeting on 17 August at which it proposed to shift from tracking the MSCI ACWI IMI Innovation Index to tracking the MSCI World Semiconductors & Semiconductor Equipment 20/35 Index. This is one passive thematic strategy replacing another passive thematic strategy. […]
HgCapital Trust (HGT) says its underlying investment return for the second quarter was 0.5%. However, the share price discount widened a little and, taking the first quarter’s falls into account, that left investors with a 4.9% drop in net asset value (NAV) in the first half of the year and a 24.9% slide in the […]
There were no surprises in embattled Alternative Income REIT‘s (AIRE) latest quarterly update. A quarterly return of 0.4% reflects a small (£340k) reduction in the valuation of the portfolio, but all its properties are let and all the tenants are paying rent. The board remain adamant in their rejection of the Glenstone offer and remain […]
If you read our recent note on Temple Bar (TMPL), you’ll have seen that we included a section entitled “Compelling UK valuation opportunity”. Below is one of the tables we used to back that up. As you can see, UK stocks are cheap relative to peers, and especially US stocks on a price to earnings […]
We regularly report launches of new active ETFs, many of which can have numerous share classes, but Amundi Asset Management has decided to de-list 26 of its ETF share classes in an attempt to improve liquidity in the remaining ones. The last day of trading in these will be 6 November 2026 and de-listng will […]
There were big votes against the re-election of two HICL Infrastructure (HICL) directors at yesterday’s AGM. A total of 247.1m shares (20.3% of those voting) were cast against the re-election of senior independent director Frances Davies and 280.6m (23.1% of those voting) against the re-election of the chair Mike Bane. QuotedData’s James Carthew said: “It […]
Over the 12 months ended 31 March 2026, Montanaro European generated a NAV return of 1.8% and a share price return of 1.5%, both lagging the 17.5% return on the MSCI Europe ex-UK SmallCap Index by some distance. The chairman observes that the manager’s stock selection decisions have added value over three, five, and ten […]
Investors in Invesco Asia Dragon (IAD) will likely be pretty happy with an underlying investment return of 39.6% and a share price return of 44.7% for the 12 months to 30 April. However, on this occasion, an index-tracking fund might have done even better as the MSCI AC Asia ex Japan index returned 45.7%. The […]
On 21 July 2026, Melia Hotels International S.A. announced it would terminate all of its hotel management and commercialisation services in Cuba, and to disallow the use of the Melia brands and access to its services in Cuba, effective from 24 July 2026. All five of CEIBA’s hotels were branded as Melia. CEIBA is a […]
