Global Fixed Income Realisation says Chris Hawkins has informed the Directors of the Company that he has tendered his resignation from Gottex Asset Management (UK) Ltd, the company’s investment advisor. Amy Lai, who heads up Gottex’s illiquid investments team, will take over as portfolio manager. Amy is based in New York and has considerable experience […]
JPMorgan Russian has announced interim results covering the six months ended 30 April 2016. The company’s net asset value on a total return basis was a positive 17.3% and the company’s return to shareholders on a total return basis was positive 16.9% over the period. The Company’s discount to net asset value experienced little change […]
The Establishment Investment Trust has published results for the year ended 31 March 2016. Measured by total return, the Net Asset Value (NAV) fell by 4.5% while the share price declined by 10.9% for the financial year to 31st March 2016. For comparative purposes, the FTSE WMA Stock Market Balanced Index declined 0.5%, the FTSE100 […]
Seneca Global Income & Growth Trust generated a net asset value total return for the year ended 30 April 2016, of +0.8% which was less than the benchmark return of +3.7%, being 3-month LIBOR plus 3%. Nevertheless, SIGT’s NAV performance over the year compared well with its AIC sector and most of the comparator indices, whose returns […]
LONDON (Alliance News) – British & American Investment Trust PLC, Biotech Growth Trust PLC, and International Biotechnology Trust PLC were among the best-performing London-listed investment companies in May, according to research firm QuotedData, which said there was a “small rally” in the biotech and healthcare sector that month. You can read the rest of the […]
Polo Resources Limited has announced that its subsidiary Polo Investments Limited has given notice of its intention to exercise its right to purchase a further 49 per cent of Perfectus Management Ltd for A$3.0 million to be satisfied by the issue of 9,832,358 new ordinary shares in Polo at the price agreed in 2014 of 15p per […]
Schroder AsiaPacific Fund has published its Half Year Report for the period ended 31 March 2016 The company’s net asset value produced a total return of 11.0% and the share price produced a total return of 12.1% during the six month period to 31 March 2016, compared with a total return of 11.4% for the MSCI […]
Investment companies were put on a more equal footing with open-ended funds following implementation of the Retail Distribution Review (RDR) in 2013, which phased out commission paid by fund groups to financial advisers for product purchases. Historically, it had been less attractive for financial advisers to recommend investment trusts because they did not pay commission […]
Templeton Emerging Markets has published its results for the year ended 31 March 2016. TEMIT’s benchmark index declined by 8.8%. Unfortunately, the NAV suffered a much worse decline of 17.1% and the return to shareholders was -17.0% (all figures on a total return basis). Without the gains from share buy backs, the relative performance would have been rather worse. The […]
Workspace has published results for the year ended 31 March 2016. At the end of the period, the EPRA NAV per share was GBP9.23, an increase of 31.3% over the year. The Board is recommending an increase in the final dividend to 10.19p per share. This represents an increase in the total dividend for the […]
