HBM Healthcare to benefit from Homology Medicines IPO Swiss-listed HBM Healthcare (HBMN) is set to receive a modest boost to its NAV following the US initial public offering last week of Homology Medicines (Nasdaq: FIXX), a US gene editing/gene therapy company developing treatments for rare disease. Homology raised a total of $165.6m from an offering of 10.35m shares at $16.00 […]
Solid absolute and relative returns for shareholders of Dunedin Income Growth – the NAV total return of 12.0% of Dunedin Income Growth (DIG) outperformed the total return of 11.3% from the FTSE All-Share Index. The chairman stated in the annual final report for the year to 31 January 2018 that this was driven by out-performance […]
Impax Environmental Markets investing firmly into the ecological zeitgeist- Impax Environmental Markets (IEM) has reported a strong year of performance, although the NAV of the company underperformed its environmental comparator index, the FTSE ET100, follows the Company’s 15.4% outperformance in 2016 In its annual financial report for the year ended 31 December 2017, the company reported that accelerated earnings growth and continuing merger […]
Hg announces acquisition of German B2B fleet leasing company Mobility Concept – HgCapital Trust (HGT) has announced the acquisition of Mobility Concept GmbH, a leading B2B* fleet leasing company, headquartered in Germany. Hg has acquired Mobility Concept from Unicredit Leasing GmbH, a wholly-owned subsidiary of UniCredit Bank AG (“HypoVereinsbank”) as well as from the founders. The closing of the […]
Investment Trust Insider on Starwood European Real Estate Finance James Carthew: Starwood loan fund shines after slow start Starwood European Real Estate Finance (SWEF) celebrated its fifth birthday in December. As the name suggests, it invests in debt secured against property in the EU. Its loans typically range between three and seven years with the […]
North American Income Trust delivers on its objective – As an income fund seeking to deliver an attractive and growing dividends from investing in North American companies, it is appropriate that North American Income Trust (NAIT) asks to be compared to an index equivalent to its objective. It does this by comparing itself to the Russell 1000 Value index, as well […]
Strong performance helps Schroder Asian TR’s NAV move to a premium – The NAV of Schroder Asian TR (ATR) rose by 34.8% on a total return basis for the 12 month reporting period to 31 December 2017. Being a total return fund, the manager is agnostic towards the performance and the make up of market indices. However, so […]
Positive results for City Merchants High Yield- In his first final report the new chairman of City Merchants High Yield (CMHY), Tim Scholefield commented that high yield bonds yields and spreads over investment grade bonds had reached new lows against a backdrop of surprising economic growth and supportive central bank policy. He mirrored the caution expressed by […]
Busy year for Starwood as lending hits record levels – Starwood European Real Estate Finance generated an NAV total return of 7.2 per cent and a share price total return of 7.6 per cent for 2017. Total dividends of 6.5 pence were declared in relation to the year ended 31 December 2017. The manager says that the group […]
QuotedData on F&C’s 150th birthday, plus our monthly roundup featured in DIY investor magazine. The granddaddy of the investment trust sector, Foreign & Colonial Investment Trust, is rapidly approaching its 150th birthday. It is a remarkable achievement for a company to remain relevant over such a long period. What, perhaps is even more remarkable is […]
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