Overview
Montanaro UK Smaller Companies aims to achieve capital appreciation through investing in small quoted companies listed on the London Stock Exchange or traded on AIM and to outperform its benchmark, the Numis Smaller Companies Index (excluding investment companies). The focus is on capital growth.
Montanaro Asset Management Limited (MAML), the trust’s alternative investment fund manager (AIFM), has one of the largest teams in Europe focused on researching and investing in quoted small and mid-cap companies. At the end of February 2020, the team was 30-strong all together, including an investment team of 12. The team is multi-lingual and multi-national (10 countries in all). All but two of the fund managers also have research responsibilities. At the end of December 2019, MAML had assets under management (AUM) of over £2.5bn. Charles owns 100% of the business, but staff have options over about half of that.
We have written a number of notes that seek to explain in some detail how the trust works
- Reputation restored – published 5 March 2020, looks at the improvement in the trust’s performance after Charles Montanaro took on responsibility for the portfolio once again and the various shareholder-friendly initiatives undertaken to increase the appeal of the trust.
- Long COVID effect requires a focus on corporate health – published 16 April 2021, looks at the impact of the post COVID economic recovery
- Selloff provides opportunities – published 4 July 2022, considers the potential for the trust following the sharp selloff in the growing and high quality companies favoured by the manager
- Riders on the storm published on 23 June 2023. looked at how the trust was faring in the context of the switch in sentiment towards growth and quality stocks
You can access the manager’s website here
Fundamentals
Price
Research History
-
14 Jun 2024 26 min read
Montanaro UK Smaller Companies – A coiled spring?
A coiled spring? Charles Montanaro, the manager of Montanaro UK Smaller Companies Investment Trust (MTU), has remained stalwart in the face of a UK market that has been underperforming international peers. His bullishness is based on what he believes is the increasingly attractive valuations being assigned to UK equities, as several of MTU’s holdings have […]
-
28 min read
Montanaro UK Smaller Companies – A coiled spring?
A coiled spring? Charles Montanaro, the manager of Montanaro UK Smaller Companies Investment Trust (MTU), has remained stalwart in the face of investor aversion to the UK. His bullishness is based on the increasingly attractive valuations being assigned to UK equities, as many of MTU’s holdings continue to generate decent earnings, several reporting their highest […]
-
29 min read
Montanaro UK Smaller Companies – A coiled spring?
A coiled spring? Charles Montanaro, the manager of Montanaro UK Smaller Companies Investment Trust (MTU), has remained stalwart in the face of investor aversion to the UK equity market. His bullishness is based on the increasingly attractive valuations being assigned to UK equities, as many of MTU’s holdings continue to generate decent earnings based on […]
-
23 Jun 2023 25 min read
Montanaro UK Smaller Companies – Riders on the storm
Montanaro UK Smaller Companies Investment companies | Annual overview | 23 June 2023 Riders on the storm After a tough year for quality-growth strategies of all kinds, Montanaro UK Smaller Companies (MTU) may finally be seeing the light at the end of the tunnel, thanks to the possible plateauing of interest rates. Manager Charles Montanaro […]
-
24 min read
Montanaro UK Smaller Companies – Riders on the storm
Montanaro UK Smaller Companies Investment companies | Annual overview | 23 June 2023 Riders on the storm After a tough year for quality-growth strategies of all kinds, Montanaro UK Smaller Companies (MTU) may finally be seeing the light at the end of the tunnel, thanks to the possible plateauing of interest rates. Manager Charles Montanaro […]
-
26 min read
Montanaro UK Smaller Companies – Riders on the storm
Montanaro UK Smaller Companies Investment companies | Annual overview | 23 June 2023 Riders on the storm After a tough year for investment strategies focused on quality and growth of all kinds, Montanaro UK Smaller Companies (MTU) may finally be seeing the light at the end of the tunnel, thanks to the possible plateauing of […]
-
06 Jan 2023 1 min read
QuotedData’s Investment Trust Weekly News Roundup Show – Review of 2022
In this week’s show, James Carthew spoke to Andrew McHattie from Investment Trust Newsletter. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if you would prefer to watch and ask questions live, please join us every Friday at 11am.
-
05 Jan 2023 9 min read
QuotedData’s Investment Companies Roundup – January 2023
December 2022 Monthly roundup | Investment companies Winners and losers in December 2022 The Financials sector only has two constituents, one of these – Trian Investors 1 – has seen its discount narrow since it promised to return cash to investors by next June, and it has also benefited from underlying NAV appreciation. Last month’s […]
-
03 Nov 2022 8 min read
QuotedData’s Investment Companies Roundup – November 2022
Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and abrdn November 2022 Monthly | Investment companies Winners and losers in October 2022 Many equity markets recovered some of the ground lost in September. The swift departure of Liz Truss and her unfunded tax cuts helped the UK stock market and sterling. North America […]
-
13 Oct 2022 14 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2022
Third quarter of 2022 Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Piling on the misery In the face of rising inflation, exacerbated by the war in Ukraine, central bankers have condemned for their relative inaction. However, in the third quarter of 2022, they stepped up a gear. Last month’s economic and political roundup […]
-
04 Jul 2022 19 min read
Montanaro UK Smaller Companies – Selloff provides opportunities
Selloff provides opportunities Shares in the good-quality growing businesses favoured by Montanaro UK Smaller Companies (MTU) have experienced a sharp selloff since the beginning of 2022, when interest rates began to rise in response to rampant inflation. Manager Charles Montanaro is focused on picking stocks for the long term rather than trying to second-guess macroeconomic […]
-
19 min read
Montanaro UK Smaller Companies – Selloff provides opportunities
Selloff provides opportunities Shares in the good-quality growing businesses favoured by Montanaro UK Smaller Companies (MTU) have experienced a sharp selloff since the beginning of 2022, when interest rates began to rise in response to rampant inflation. Manager Charles Montanaro is focused on picking stocks for the long term rather than trying to second-guess macroeconomic […]
-
18 min read
Montanaro UK Smaller Companies – Selloff provides opportunities
Selloff provides opportunities Shares in the good-quality growing businesses that Montanaro UK Smaller Companies (MTU) seeks to buy appear to have experienced a sharp selloff since the beginning of 2022, when interest rates began to rise in response to rampant inflation. Manager Charles Montanaro says he is focused on picking stocks for the long term […]
-
16 Apr 2021 12 min read
Montanaro UK Smaller Companies – Long COVID effect requires a focus on corporate health
Long COVID effect requires a focus on corporate health In absolute terms, Montanaro UK Smaller Companies Trust (MTU) has been generating healthy returns for its shareholders; both the share price and the NAV are close to all-time highs. However, recently MTU has given up some of its earlier outperformance. As vaccines are rolled out, the […]
-
12 min read
Montanaro UK Smaller Companies – Long COVID effect requires a focus on corporate health
Long COVID effect requires a focus on corporate health In absolute terms, Montanaro UK Smaller Companies Trust (MTU) has been generating healthy returns for its shareholders; both the share price and the NAV are close to all-time highs. However, recently MTU has given up some of its earlier outperformance. As vaccines are rolled out, the […]
-
12 min read
Montanaro UK Smaller Companies – Long COVID effect requires a focus on corporate health
Long COVID effect requires a focus on corporate health In absolute terms, Montanaro UK Smaller Companies Trust (MTU) has been generating healthy returns for its shareholders; both the share price and the NAV are close to all-time highs. However, recently MTU has given up some of its earlier outperformance. As vaccines are rolled out, the […]
-
07 Jul 2020 7 min read
QuotedData’s Investment Companies Roundup – July 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over June: CQS New City High Yield – […]
-
8 min read
QuotedData’s Economic Roundup – July 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 […]
-
05 Mar 2020 19 min read
Montanaro UK Smaller Companies – Reputation restored
Reputation restored Following the return of Charles Montanaro as manager in 2016, Montanaro UK Smaller Companies Trust (MTU) has rebuilt its long-term record of outperformance of its benchmark over the last three and a half years. A strong uplift in net asset value (NAV) during the second half of 2019 (helped by some clarity on […]
-
19 min read
Montanaro UK Smaller Companies – Reputation restored
Reputation restored Over the last three and a half years, under Charles Montanaro’s direction, Montanaro UK Smaller Companies Trust (MTU) has rebuilt its long-term record of outperformance of its benchmark. A strong NAV uplift over the second half of 2019 (helped by some clarity on Brexit), where the trust ranked second of 11 funds in […]
-
10 Jan 2020 5 min read
QuotedData’s investment companies roundup – January 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over December: An update note on BlackRock Throgmorton (THRG) “BlackRock Throgmorton continues to lead its peer group in […]
-
06 Dec 2019 5 min read
QuotedData’s economic roundup – December 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and 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 […]
-
6 min read
QuotedData’s investment companies roundup – December 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over November: An initiation note on Henderson High Income “We have initiated coverage on Henderson High Income (HHI). Since […]
-
05 Jul 2019 6 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup 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 […]
-
08 May 2019 3 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
-
19 Dec 2018 1 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 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 buy or sell any […]
-
16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
-
11 Jul 2018 1 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 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 buy or […]
-
11 Dec 2017 1 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 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 buy or […]
-
12 Jul 2017 2 min read
QuotedData’s economic round up – July 2017
QuotedData’s economic round up – July 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 buy or […]
-
2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is 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 June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
-
08 Nov 2016 1 min read
QuotedData investment companies roundup – November 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 October 2016. november-investment-companies-roundup-2
News
-
16 Aug 2024 3 min read
Gold medals and UK growth
A lot has been said by some commentators about Great Britain’s 7th placed finish and worst gold medal haul since Athens in 2004 at this year’s Olympics. However, the absolute weighting of golds on the ‘official’ table feels misguided given the often-infinitesimal margins between places on the podium. A total medal count of 65 should […]
-
17 Jun 2024 2 min read
Montanaro UK Smaller Companies discount offsets its NAV growth
Montanaro UK Smaller Companies Investment Trust (MTU) has released its annual results for the 12 months ending 31 March 2024. Over the 12 months MTU’s NAV total return was 8.3%, slightly underperforming its benchmark, the Deutsche Numis Smaller Companies (excluding investment companies) Index, which returned 9%. The share price total return was lower at 0.7% […]
-
15 Mar 2024 4 min read
QD view – Does the UK market need more than the best of British?
The story of the UK equity market over the last decade has few uplifting moments. It has lost 25% of its companies[1], retail investors have pulled out more than £50bn, it has fallen off the radar of many international investors and even domestic companies are seeking to list elsewhere. It has also been a terrible […]
-
21 Nov 2023 1 min read
QuotedData’s morning briefing 21 November 2023 – GRID, MTU, SREI
In QuotedData’s morning briefing 21 November 2023: Gresham House Energy Storage (GRID) says that its 50MW West Didsbury project has been successfully energised, taking the portfolio’s operational capacity to 690MW. It is expected to be revenue generating in December. Installing two-hour batteries at West Didsbury in early 2024 will take the capacity of the site […]
-
04 Aug 2023 4 min read
QD view – the future of growth investing
In the second of our QD views trailing our upcoming investment companies forum, James Carthew sets the scene for our ‘future of growth investing‘ panel. At the end of 2021, most growth-focused funds were sitting at or close to all-time highs, but the start of 2022 saw a savage rotation away from growth towards value. […]
-
20 Jun 2023 3 min read
Patience is key for Montanaro UK Smaller Companies
Montanaro UK Smaller Companies Investment Trust (MTU) announced its annual results for the year ended 31 March 2023. The NAV total return and share price were both down 12%. In comparison, the Numis Smaller Companies (excluding investment companies) Index was minus 7.9%. The company noted that the negative performance of UK SmallCap as an asset […]
-
28 Apr 2023 4 min read
QD view – Finding courage in uncertain times
Fortune favours the brave, or so they say, and, as it turns out, so do the markets. One of the most important factors in investing is simply being first to bat, as by the time your turn comes, the game could be already over. Putting aside the metaphors, there is a distinct possibility that we […]
-
19 Dec 2022 1 min read
Fund Brief: Montanaro UK Smaller Companies Trust PLC (MTU)
About Montanaro UK Smaller Companies Trust The Trust aims to achieve capital growth by investing in small companies listed on the London Stock Exchange or its Alternative Investment Market (AIM). It seeks relative outperformance of its benchmark, the Numis Smaller Companies Index. To watch the Fund Manager Brief: Montanaro AM, click here. To read our […]
-
2 min read
Fund Manager Brief: Charles Montanaro, Cedric Durant des Aulnois & Mark Rogers, Montanaro AM
Charles Montanaro – Chairman/Fund Manager Charles graduated with an honours degree in Anthropology from Durham University in 1976. He spent four years in industry before joining Merrill Lynch in 1980 as a private client broker in London. He joined Dean Witter Reynolds in 1984 and Drexel Burnham Lambert in 1987 as a Senior Vice President […]
-
17 Jun 2022 1 min read
QuotedData’s weekly news show 17th June 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 covered the week’s top stories: • Lindsell Train • Montanaro UK Smaller Companies • Boussard & Gavaudan This week’s interview was with Laura Elkin from AEW UK REIT – watch […]
-
15 Jun 2022 2 min read
Montanaro UK Smaller Companies suffers from ‘most volatile two-year period’ ever experienced by manager
Montanaro UK Smaller Companies suffers from ‘most volatile two-year period’ ever experienced by manager – Montanaro UK Smaller Companies (MTU) has released its final results for the year to 31 March, during which time its NAV declined by 5% while its share price fell by 10%. In comparison, the Numis Smaller Companies (excluding investment companies) […]
-
27 May 2022 4 min read
QD view – Unloved quality
At a time when high inflation and rising interest rates are unnerving global stock markets, it would seem like a moment for quality companies to come to the fore. These businesses should have impeccable credentials for an uncertain world – sound business models, strong management teams, expanding market share – providing stability at a time […]
-
26 Nov 2021 1 min read
QuotedData’s weekly news show 26th November 2021
QuotedData’s weekly news show 26th November 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: Interim results – Montanaro UK Smaller Companies – Cordiant Digital Infrastructure – JLEN Environmental Assets […]
-
25 Nov 2021 2 min read
Montanaro UK Smaller Companies outperforms as ‘tide turns on UK equities’
Montanaro UK Smaller Companies outperforms as ‘tide turns on UK equities’ – Montanaro UK Smaller Companies (MTU) has posted its half-year report for the six months to 30 September 2021. During the period, its NAV gained 18.2% in Sterling terms (with dividends reinvested), outperforming the benchmark by 9.2%, while the share price gained 15.3%. Statement […]
-
15 Jun 2021 3 min read
Tough year for Montanaro UK Smaller Companies as growth style left behind
Tough year for Montanaro UK Smaller Companies as growth style left behind – Montanaro UK Smaller Companies (MTU) has released its annual results for the year ended 31 March 2021, during which its total share price was up by 50% and its NAV 35.8%. Unfortunately this fell short of its Numis Smaller Companies (ex investment […]
-
21 May 2021 2 min read
QD view – warm fuzzy feelings?
QD view – warm fuzzy feelings? Alphabet soup time ESG (environmental, social and governance) comes up a lot in the investment world currently. There are good reasons for that. The UK government said last year that it wants to make climate-related disclosures mandatory, in line with recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). […]
-
26 Nov 2020 2 min read
QuotedData’s morning briefing 26 November 2020
In QuotedData’s morning briefing 26 November 2020: JLEN Environmental Assets Group’s half year results show a small drop in NAV from 97.5p to 96.1p, driven by falling power and gas price estimates. Dividends are on target, however and these are covered by cash generated from operations. Montanaro UK Smaller’s interim results show it lagging its Numis […]
-
23 Jun 2020 1 min read
Montanaro UK benefits from quality focus
Montanaro UK benefits from quality focus – Over the year to the end of March 2020, Montanaro UK Smaller Companies Trust delivered an NAV return of -8.5%. This compares very favourably with a return of -25.9% on the Numis Smaller Companies Index. A narrowing of the discount from 18.0% to 11.2% meant that the return to […]
-
17 Mar 2020 1 min read
QuotedData’s other news 17 March 2020
In QuotedData’s other news 17 March 2020 – Montanaro UK Smaller Companies (MTU) announced a change in its auditor and its board committee structure. The board has approved the proposed appointment of BDO as auditors for the financial year ending 31 March 2021. The appointment will be recommended to shareholders for approval at MTU’s next AGM in July […]
-
26 Jul 2018 1 min read
Montanaro UK Smaller Companies plans 4% dividend
Montanaro UK Smaller Companies plans 4% dividend – Montanaro UK Smaller Companies has announced a significant increase in its future dividend distributions. The company intends to pay a regular quarterly dividend equivalent to 1% of the Company’s NAV on the last business day of the preceding financial quarter, being the end of March, June, September and December. The dividends […]
-
13 Jun 2017 3 min read
Montanaro UK Smaller Companies sets out case for continuation after 43% long term underperformance
Montanaro UK Smaller Companies sets out case for continuation after 43% long term underperformance – over the year to 31 March 2017, the NAV per share of Montanaro UK Smaller Companies (excluding current period revenue) rose by 11.3% to 621.6p in comparison with a gain of 15.4% by the Numis Smaller Companies Index. During the same period, […]
-
08 Jun 2017 1 min read
Montanaro UK Smaller Companies to benefit from reduced management fee
Montanaro UK Smaller Companies Investment Trust, managed by Anna Lunden and chaired Kathryn Matthews (pictured), has announced that it is to benefit from a reduced management fee. The investment management fee, paid to Montanaro Asset Management Limited, has been reduced to 0.5% per annum of gross assets (previously 0.85% p.a.). This change is effective retrospectively […]
-
13 Jun 2016 1 min read
Montanaro UK Smaller reports narrow underperformance
In the year to 31 March 2016, the NAV of Montanaro UK Smaller Companies (excluding current period revenue) rose by 0.7% to 558.4p in comparison with a gain of 1.4% by the Numis Smaller Companies Index. During the same period, the company’s share price fell by 0.4% to 461.0p reflecting the widening of the discount which […]
-
23 Nov 2015 1 min read
Montanaro UK Smaller Companies benefits from good stock selection and a favourable style tailwind
Montanaro UK Smaller Companies, managed by Anna Lunden (pictured), has announced it interim results for the six months ended 30 September 2015. During the period, the company provided NAV and share price total returns of 12.5% and 14.7% respectively. These are both ahead of the performance of its Numis Smaller Companies Index benchmark, which returned […]
-
24 Jun 2015 1 min read
Montanaro UK Smaller sees second half improvement
Montanaro UK Smaller Companies underperformed a little against the Numis Smaller Companied ex Investment Companies Index over the year to the end of March 2015 as its NAV total return was -2.7% whilst the benchmark’s was -0.3%. The return to shareholders was -6.9% however as the discount widened from 12.9% to 16.5%. The final dividend was increased […]
-
26 Nov 2014 1 min read
Dispappointing period for Montanaro UK Smallers
MTU : Dispappointing period for Montanaro UK Smallers Montanaro UK Smaller Companies results for the six months ended 30 September 2014 show the fund’s net asset lagging its benchmark, the Numis Smaller Companies Index ex Investment Companies, by 3% in capital terms over the period. the net asset value fell by 11.2% vs. -8.2% for the […]
-
24 Jun 2014 1 min read
Montanaro UK Smaller Companies : MTU – results
Montanaro UK Smaller Companies’ results for the year ended 31 March 2014 show the fund lagging the Numis Smaller Companies Index by some margin – generating a return on net assets of 11% vs. 23% for the benchmark. The discount did narrow however (from 16% to 13%) and so the return to shareholders was 16%. […]
Upcoming Events
In The Press
-
15 Jul 2024 1 min read
Trusts set to prosper under Labour
By Emma Wallis, News editor, Trustnet, 12 July 2024: Chancellor Rachel Reeves has barely been in office a week but has already announced planning reforms to “get Britain building again”.. Labour promised in its manifesto to build 1.5 million new homes during the next five years and is establishing a housing task force to tackle […]
-
18 Mar 2024 1 min read
Cheap trusts to add to your ISA for each developed market
By Matteo Anelli, 18 March 2024, Senior reporter, Trustnet: Discount opportunities abound in the investment trusts universe, where 31% of portfolios with at least a five-year track record are now trading at double-digit discounts. But that doesn’t mean that all of them make a great investment opportunity and discerning between the good and the bad […]
-
11 Dec 2023 1 min read
Have enhanced income funds and trusts delivered for investors?
by Cherry Reynard from interactive investor, 5th December 2023: At a time when income is abundant, “enhanced income” strategies have been a surprise hit in 2023. The largest actively managed ETF in the world is now the JPM Equity Premium fund, a covered call strategy with $30 billon (£23.7 billion) in assets, while Morningstar identified […]
-
22 Jun 2023 2 min read
Home Truths
James Carthew for Portfolio Adviser, 21 June 2023: For many years, there was a tendency among UK-based investment managers and financial advisers to overweight domestic stocks within client portfolios. As a result, we saw a proliferation of investment companies with a narrow focus on UK-listed businesses. Today, 54 investment companies have a listed UK equity […]
-
11 Aug 2022 1 min read
Time to bet on a recovery in UK smaller companies
James Crux, Shares Magazine, 11 August 2022: Investors seeking a ready-made portfolio of high-quality small fry selling at a knock-down price should consider Montanaro UK Smaller Companies (MTU). The investment trust has a long track record of outperforming peers, and its shares are currently trading at 7.7% below the value of its assets. While it […]
-
23 Mar 2022 1 min read
Interest rate rises trigger rotation
James Carthew for Investment Week, 17 March 2022: In the run up to the end of 2021 and into the early part of 2022, investors’ attention was focused on the growing threat of interest rate rises as a way of combating inflation. That triggered a sharp rotation out of growth stocks. In the space of […]
-
22 Feb 2022 1 min read
Bargain Hunter: 10 trusts that have moved from premiums to discounts
These trusts have seen their premiums vanish since the start of the year as growth shares lost ground. Kyle Caldwell from interactive investor 17th February 2022: Given all the volatility in the first six weeks of 2022, a surprising statistic is that the number of equity investment trusts trading on a premium to their net […]
-
22 Nov 2021 1 min read
The UK trusts on the biggest discount or premiums relative to their history
By Eve Maddock-Jones, Reporter, Trustnet, 19 November 2021 Trustnet looks at which UK investment trusts are trading below their five year average discount/premium level and which ones are running well ahead of the norm. Several UK investment trusts are running well below their five-year-average discount presenting major buying opportunities, according to fund pickers. The pandemic […]
-
28 Sep 2021 1 min read
AIM shares? It’s a Wild West to some
The brave can strike gold if they’re ready for risks in the hunt for bounty By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 25 September 2021 It is hard to make your mind up about AIM, the Alternative Investment Market that has nurtured some big names, but also hosted huge failures. The market had a strong […]
-
17 Dec 2020 1 min read
Shape the things to come
SHAPE THE THINGS TO COME Portfolio Adviser IT Guide, 16 December 2020 James Carthew, Director QuotedData Shareholders in investment companies have a significant edge over their open-ended counterparts when it comes to seeking out ESG-oriented investments The investment world has a big role to play in shaping the future of the planet for the benefit […]
-
16 Nov 2020 1 min read
Engines of growth: Investment trusts for responsible investing
Engines of growth: Investment trusts for responsible investing By Mary McDougall, Investors Chronicle, 12 November 2020 Appetite for investment products with strong environmental, social and governance (ESG) credentials has boomed this year as the pandemic has put the need for a sustainable world under the spotlight. Enthusiasm has been helped by sustainable funds broadly outperforming their conventional peers […]
-
29 Jul 2020 2 min read
Investment trust insider on ESG
Investment trust insider on ESG – James Carthew: ESG? Riverstone, you’re having a laugh Riverstone Energy (RSE) has just announced a deal whereby it, and other funds managed or advised by its investment manager, will refinance Enviva, a leading player in the manufacture of wood pellets. The pellets are burnt in power stations (like the UK’s […]
