Overview
Global Opportunities Trust (formerly EP Global Opportunities : EPG) aims to provide shareholders with an attractive real long-term total return by investing globally in undervalued securities. The portfolio is managed without reference to the composition of any stock market index. The managers believe an opportunity exists to make money because most investors focus too much on short-term quarterly and annual data and they concentrate instead on forecasting out at least five years.
The fund manager’s website can be found here.
Fundamentals
Price
Research History
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06 Apr 2023 82 min read
QuotedData’s Economic and Political Monthly Roundup April 2023
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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10 Sep 2020 5 min read
QuotedData’s Economic Roundup – September 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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14 Sep 2017 2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to […]
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10 Apr 2017 1 min read
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
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27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
News
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04 Sep 2024 1 min read
QuotedData’s morning briefing 4 September 2024 – AGA, GOT, MIGO
In QuotedData’s morning briefing 4 September 2024: Apax Global Alpha Limited (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €12m in Altus Fire & Life Safety on a look-through basis. On 3 September 2024, Apax XI, in which AGA is a limited […]
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10 Apr 2024 2 min read
Tech underweight weighs on Global Opportunities Trust
The Global Opportunities Trust (GOT) has announced its annual results for the year ending 31 December 2023. The company’s NAV total return was 1.7% while shares fell 3.6% with the discount widening to 18.6% at the end of the year . In comparison, the global market benchmark All-World Total Return Index rose by 15.7%, following […]
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16 Aug 2023 1 min read
QuotedData’s morning briefing 15 August 2023 – GOT, REL, AEET
Global Opportunities Trust (GOT) announced its half year report for the period ended 30 June 2023. The company’s NAV decreased by 0.2% while shares increased by 2.2% reflecting a slight narrowing of the discount to NAV which sat at 17% at the last close. During the period, the company also terminated its investment management agreement […]
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31 Mar 2023 1 min read
QuotedData’s weekly news show 31st March 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Andrew McHattie gave an insight on Tetragon Financial and Phoenix Spree Deutschland and James Carthew covered the week’s top stories: • Schiehallion (0:40) • Global Opportunities (5:13) • Infrastructure discounts (8:16) This […]
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29 Mar 2023 2 min read
Global Opportunities Trust sees solid returns through 2022
Global Opportunities Trust sees solid returns through 2022. Company NAV grew 15.8% for the year ended 31 December while shares grew 7.9%, a solid return given the volatility in global markets. The positive returns appear to have narrowed the company’s discount which now sits at around 12%. This also marked the first full year for […]
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1 min read
QuotedData morning briefing 29 March 2023
The board of Brown Advisory US Smaller Companies (BASC) announced the appointment of Jane Routledge as an independent non-executive director with effect from 1 April 2023. Jane is currently a non-executive director at M&G Credit Income Investment Trust plc where she is also a member of the audit & risk, remuneration, management engagement and nomination […]
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08 Jun 2022 2 min read
QuotedData’s morning briefing 8 June 2022
In QuotedData’s morning briefing 8 June 2022: International Public Partnerships (INPP) has posted a portfolio update for the period 1 January to 31 May 2022. During this time, approximately £48m of investments and commitments were made, including an additional c.£40m investment being announced into Tideway, the company building a 25km ‘super-sewer’ under the River Thames. […]
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06 May 2022 1 min read
QuotedData’s weekly news show 6th May 2022
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew and Andrew McHattie covered the week’s top stories: Weiss Korea Witan Apax Global Alpha Greencoat UK Wind EP Global Opportunities abrdn China This week’s interview was with Gary Moglione of […]
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04 Apr 2022 1 min read
QuotedData’s morning briefing 4 April 2022
In QuotedData’s morning briefing 4 April 2022: Following the announcement in October 2021 that it plans to become a self-managed trust, the board of EP Global Opportunities (EPG) has agreed to an interim transfer of the company’s investment management responsibilities pending approval to become its own AIFM, which it hopes will be granted in a […]
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15 Mar 2022 3 min read
Modest gains for EP Global Opportunities in 2021
Modest gains for EP Global Opportunities in 2021 – EP Global Opportunities reports that its NAV total return for 2021 was 5.1% and its return to shareholders 4.6%. Revenue per share fell to 4.4p from 4.9p as the manager held onto cash. The fall in income underlying that was even greater as the calculation of […]
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28 Feb 2022 3 min read
QuotedData’s morning briefing 28 February 2022
In QuotedData’s morning briefing 28 February 2022: European Opportunities (JEO) has posted its interim results for the six months to 30 November 2021, during which time its NAV (with dividends reinvested) increased by 12.8% while its share price (with dividends reinvested) increased by 9.9%. This compares with a return of 3.8% from the MSCI Europe […]
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29 Oct 2021 1 min read
QuotedData’s weekly news show 29 October 2021
QuotedData’s weekly news show 29 October 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Jayna Rana and Richard Williams covered the week’s top stories: EP Global Opportunities Atrato Onsite Energy Urban Logistics REIT This week’s interview was with Richard […]
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2 min read
QuotedData’s morning briefing 29 October 2021
In QuotedData’s morning briefing 29 October 2021: EP Global Opportunities (EPG) has announced further details of its tender offer, first announced earlier this week. The board has proposed that the tender will be for up to 20% of the shares of the company and will be at a discount of 2% to net asset value […]
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25 Oct 2021 2 min read
EP Global Opportunities to become a self-managed trust
EP Global Opportunities to become a self-managed trust – Following the review of its strategic direction as announced in its half-year report in June, EP Global Opportunities (EPG) has announced plans to change its management arrangements by becoming a self-managed investment trust. As a result, the board will assume overall control over the investment policy […]
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22 Oct 2021 3 min read
QD view – busy boards
I have long thought that one of the great strengths of the investment companies sector is the boards of independent directors working on investors’ behalf to keep managers and other service providers in check, keep a lid on overheads and ensuring that shareholders are treated fairly. While not every investment company is a shining example […]
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20 Oct 2021 2 min read
EP Global Opportunities responds to shareholder unrest
EP Global Opportunities responds to shareholder unrest – At its AGM in April 2021, two resolutions were passed with a majority of less than 80% of the votes cast. The first of these was to re-elect the chairman, Teddy Tulloch, as a director, and the second to renew the authority of the company to sell ordinary […]
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20 Aug 2021 3 min read
QD view – growth works, value works, cash not so good
At QuotedData, we don’t tend to make too much of a fuss about interim reports from investment companies. However, with the summer lull upon us, we have had a closer look than we might otherwise have at some interim statements this week and some interesting things have emerged. Good returns from growth-focused private equity Part […]
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2 min read
QuotedData’s morning briefing 20 August 2021
In QuotedData’s morning briefing 20 August 2021: EP Global Opportunities (EPG) has announced its interim results for the half-year ended 30 June 2021. At the half-year end, EPG’s NAV was 314.6p, an increase of 2.0% from the 31 December 2020 NAV of 308.4p. After taking account of the final dividend of 6.0p per share that was paid […]
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10 Mar 2021 2 min read
QuotedData’s morning briefing 10 March 2021
In QuotedData’s morning briefing 10 March 2021 – EP Global Opportunities (EPG) reported annual results to 31 December 2020, delivering a total NAV return of -1.3% and a total share price return of -5.6%. EPG has adopted a cautious stance on its investment outlook, with a defensively positioned equity portfolio. At the year-end, 13% of net […]
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11 Mar 2020 1 min read
EP Global Opportunities runs for the exit
EP Global Opportunities runs for the exit. Responding to the covid-19 outbreak, the manager of EP Global Opportunities had raised its cash level to 18% of the trust at the end of February (up from 8% at the end of January). The managers had this to say “we are finding it very difficult to identify […]
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23 Aug 2019 1 min read
QuotedData’s other news 23 August 2019
In QuotedData’s other news 23 August 2019: Africa Opportunity shrinks board – Chris Agar, Dr. Vikram Mansharamani, and Mr. Peter Mombaur resign as directors with effect from 22 August 2019 so that the trust can save money. We have a raft of half-year reports: BMO Private Equity made 2.4% in NAV terms and 13.7% in share […]
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01 Apr 2019 1 min read
EP Global Opportunities appoints Tom Walker to its board
EP Global Opportunities appoints Tom Walker to its board – The value focused growth fund, EP Global Opportunities (EPG), has confirmed the appointment of Tom Walker to its board of directors effective today. Tom takes on the role of independent non-executive director. He brings with him extensive experience in investment management, including in investment trusts […]
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13 Mar 2019 2 min read
EP Global held back by US and banks exposure
EP Global held back by US and banks exposure – EP Global reports that, for the year ended 31 December 2018, its NAV fell by 8.6%, adjusting that return for the 6.5p dividend declared for the year (a 5.5p normal dividend and a 1p special dividend) gives a total return on NAV of -7.1%. The discount […]
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16 Mar 2018 2 min read
EP Global Opportunities delivers good numbers despite a momentum market
EP Global Opportunities delivers good numbers despite a momentum market – The investment style of the manager of EP Global Opportunities (EPG) is a to seek out undervalued companies from around the world. With the periods of volatility that have been a feature of recent markets, the markets have favoured momentum investors over value-driven stock […]
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17 Jan 2018 1 min read
Franklin Templeton snaps up Edinburgh Partners
Franklin Templeton Investments has announced that it has agreed, subject to the necessary regulatory approvals, to acquire Edinburgh Partners. Edinburgh Partners is an independent fund management house that is headed up by Dr. Sandy Nairn, a former Franklin manager. Dr. Nairn spent ten years at franklin Templeton, between 1990 and 2000, as an executive vice […]
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10 Mar 2017 1 min read
EP Global results
EP Global Opportunities made 26.9% on net assets over the course of 2016. The dividend for the year was 5.3p. The return was a bit behind that of the All-World Index which returned 29.6%. The manger’s report says that US exploration and production company, Apache, was one of the best performing stocks in the portfolio in […]
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22 Nov 2016 1 min read
EP Global removes yen hedge
EP Global Opportunities has announced that, further to the foreign exchange hedging announcements made on 30 June 2016 and 2 August 2016, in relation to its investments in Japanese equities, it has entered into a foreign currency forward contract that effectively removes the hedging of the Japanese Yen exposure back to Sterling, detailed in the previous […]
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30 Aug 2016 3 min read
EP Global Opportunities underperforms volatile markets
EP Global Opportunities Trust, managed by Dr . Sandy Nairn (pictured), has announced its interim results for the six months ended 30 June 2016. During the period, which the trust’s chairman, Teddy Tulloch, describes as being a volatile one for global equity markets, the trust’s NAV per share increased by 5.6%, whilst its share price increased […]
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01 Jul 2016 1 min read
EP Global Opportunities yen hedge
EP Global Opportunities annunced yesterday that it has hedged the equivalent of £27m of its Japanese Yen exposure back into Sterling. This is the first announcement we have seen of a fund locking in the gais made on its overseas exposure as a result of the recent weakness of the pound. EPG : EP Global […]
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09 Mar 2016 1 min read
EP Global posts 2.9% return for 2015
EP Global Opportunities returned 2.9% on net assets over the course of 2015. The Company has no official benchmark, this was ahead of the total return for the FTSE All-Share Index of 1.0%, but slightly behind the total return from the FTSE All-World Index of 4.0%. They plan to pay a dividend of 3.1p at […]
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17 Aug 2015 1 min read
EP Global reports modest outperformance
EP Global Opportunities has reported a 4.2% return on net assets for the first six months of 2015 which compares favourably to a 2% return ion the FTSE All-Share Index. The shares moved from trading at a small discount to trading on a 0.1% premium. They say their performance benefited from the emphasis on Japan […]
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19 Mar 2015 1 min read
EP Global nervous about the US
Edinburgh Partners Global Opportunities returned 2.2% on net assets over the course of 2014, better than the 1.2% return on the FTSE All-Share index but well behind the 11.3% returned generated by the FTSE All-World Index. The Board aims to pay a dividend of 3.3p for the year (from revenues of 3.7p). The portfolio’s focus […]
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20 Aug 2014 1 min read
EP Global Opportunities’ Japanese exposure contributed to underperformance in H1
EPG : EP Global Opportunities’ Japanese exposure contributed to underperformance in H1 EP Global Opportunities Trust‘s recent interims confirm its NAV per share fell 0.6% during H1 2014, whilst total returns from the FTSE All-World Index and FTSE All-Share Index were 3.2% and 1.6% respectively. The share price discount to NAV also widened modestly from 1.5 per cent […]
Upcoming Events
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In The Press
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16 Jun 2025 1 min read
Rachel’s gone on a £4TRILLION spending spree… so here’s how to make sure it gives your investments a turbo boost: These are some of the firms that will win big – and how to invest in them
By ROSIE MURRAY-WEST FOR THE MAIL ON SUNDAY, 15 June 2025: After the blowout comes the debt hangover – and economic experts expect us all to end up with sore heads and wallets after Rachel Reeve’s Spending Review last week. But while we wait to see which of our taxes she’ll raise in the autumn […]
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09 Jun 2025 1 min read
Investment trust insider on the end of US exceptionalism
Investment trust insider on the end of US exceptionalism – James Carthew: Investment trusts for the end of US dominance Scottish Mortgage is one of several global investment trusts that are notably underweight North America. In recent weeks, the number of commentators suggesting that US exceptionalism is dead, the US economy is in trouble, and […]
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10 Nov 2021 1 min read
Investors await details on why trust would benefit from rare structure
By Jessica Tasman-Jones, Portfolio Adviser, 3 Nov 21 EP Global Opportunities has left investors awaiting details about its rationale for adopting the increasingly rare self-managed investment trust structure as its board prepares to remove Franklin Templeton as its third-party manager… Alliance Trust and Personal Assets transition away from self-managed model There are currently just 13 investment […]
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25 Oct 2021 1 min read
Value trust sticks with Sandy Nairn
EP Global Opportunities will become one of the few remaining self-managed investment trusts By Jessica Tasman-Jones, Portfolio Adviser, 25 Oct 21 The EP Global Opportunities investment trust is planning to ditch its third-party management arrangement with Franklin Templeton Investments subsidiary, Edinburgh Partners, and become self-managed with veteran investor Sandy Nairn continuing to manage the value-oriented portfolio. […]
