Ashoka India Equity lags index and discount widens – Over the period from launch (on 6 July 2018) to 31 December 2018, Ashoka India Equity lagged its benchmark, returning -8.7% in share price terms and -0.3% in NAV terms versus a 3.1% return for the MSCI India IMI Index. The chairman says that the main […]
Jeroen Huysinga moving to charity sector – The board of JPMorgan Global Growth & Income has announced that Jeroen Huysinga, the company’s joint portfolio manager will be retiring from JPMorgan after 22 years’ service to pursue a Masters degree in charity finance and administration and then a role in the charity sector. Jeroen’s specific portfolio management […]
Scottish American maintains inflation busting dividend increases – Scottish American delivered a share price total return of -1.6% and an NAV total return of -2.4% for 2018. Global equities, as measured by the MSCI World Index, fell by 3.4%. The full year dividend will be 11.5p per share, 3.6% higher than the 2017 dividend of 11.1p. The […]
TRIG buys Jadraas wind farm in Sweden – The Renewables Infrastructure Group (“TRIG”) has exchanged contracts to acquire a 100% interest in the Jädraås wind farm, an operational onshore wind farm with a capacity of 212.85MW for a consideration of approximately EUR207 million on an unlevered basis. The wind farm is located near Ockelbo, north of Stockholm […]
Alliance Trust’s equity portfolio underperformed in 2018 – Alliance Trust has published results for 2018. Highlights were: Total shareholder return for 2018 was -6.1% (2017: 19.2%) and its share price at 31 December 2018 was 688.0p, down 7.8% compared to 746.5p at 31 December 2017 NAV total return for 2018 was -5.4% (2017:18.5%) and its NAV […]
Woodford injects assets into Patient Capital – Woodford Patient Capital Trust has entered into an agreement to acquire a portfolio of unquoted companies for GBP72.9 million from the LF Woodford Equity Income Fund. Patient Capital will issue 75,432,424 new shares and the open-ended fund will also subscribe for a further 6,206,814 new shares for cash (patient […]
Sirius enters jv with Axa – Sirius Real Estate has formed a real estate investment joint venture with clients represented by AXA Investment Managers – Real Assets. AXA IM – Real Assets, acting on behalf of its clients, will own a 65% interest and Sirius will own the balance of 35%. The JV will be called […]
Symphony celebrates Pierre Chen investment in Liaigre – Symphony International Holdings Limited has announced that the Pierre Chen family from Taiwan has become a partner and co-owner of the Liaigre Group, together with Navis Capital Partners, Symphony and the Liaigre management team. The Liaigre brand was established in 1985 and Symphony describes it as one of […]
Vale disaster overshadows BlackRock World Mining 25th anniversary – BlackRock World Mining has published results for the year ended 31 December 2018. The trust underperformed the EMIX Global Mining Index – returning -11.5% in NAV terms and -10.7% in share price terms, against a -6.2% return for the index. The dividend was raised from 15.6p to […]
Unite confident as focuses on high quality universities – Unite Group has published results for the year ended 31 December 2018. Highlights were: A 10% increase in EPRA NAV to 790p EPRA earnings up 25% to GBP88.4 million, 34.1p per share (2017: GBP70.5 million and 30.3p) 98% occupancy and like-for-like rental growth of 3.2% (2017: 99% […]
