M&G is offering investors in its High Income investment trust options to move to different vehicles as it prepares to wind up in March 2017, including the JP Morgan Elect trust as a closed-ended option. The firm has offered investors in the trust, currently managed by Richard Hughes, two options – open and closed-ended – following […]
This year has been a tumultuous year for markets and the investment trust sector has not escaped the action. After three years of strong demand supporting discount tightening, 2016 saw discounts to net asset value (NAV) go back out at the start of the year due to concerns over China, then over the forthcoming referendum […]
Donald Trump’s success in the 2016 US Presidential Elections has led to investment trust shares prices in the healthcare sector to soar today, while Latin American funds, which had recently seen strong performance, are among the biggest losers. Republican candidate Donald Trump was named the 45th President of the US earlier this morning and markets […]
I don’t know whether fund management legend Neil Woodford was in favour of Trump or Clinton, or wished a plague on both their houses, and nor do I care (writes Harvey Jones of Motley Fool). However, Donald Trump’s shock victory has given Mr Woodford something to celebrate, by applying much-needed balm to his Achilles’ heel. read more […]
The £733m Woodford Patient Capital trust appeared in the top ten worst performing funds in NAV terms in October according to the latest research from investment company analysts QuotedData. The trust, ran by star manager Neil Woodford, was down 5.1% for the month, making it the fifth worst performing fund in NAV terms in the […]
A number of investment trusts have seen their premium/discount levels change significantly since June this year, making them less expensive relative to their NAV, according to investment company analysts at QuotedData. click here to read more…
Would you turn to one of the specialist investment trust sectors if it could pay you an income of more than 6 per cent? Given the increasing scarcity of high income-generating assets, investors have grown used to ‘paying up’ for yield by buying into investment trust shares for more than their intrinsic value. read more […]
SVG Capital, one of the UK’s largest private equity investment trusts and a Money Observer Rated Fund, has succumbed to a hostile takeover from US rival HarbourVest. read more here
One of the most dramatic movements in the financial world following the EU referendum was the fall of the pound. the pound-dollar exchange rate fell from a pre-referendum level of around $1.49 to a rate today of around $1.22. In the short-term that has been good news for investors with…. you can read the rest […]
The investment company sector has changed considerably over the past ten years, as back in October 2006 we were still enjoying the dying days of the credit boom. read more here
