By Matteo Anelli, Senior reporter, Trustnet, 07 March 2024: In the investment trusts universe wide discounts are often linked to higher long-term returns – and the data backs up this hypothesis. Since 2018, investing in trusts with a double-digit discount have returned an annualised 13.6% in the following five years, a recent study by the […]
Lauren Hardy, PORTFOLIO ADVISER, 05 MARCH 2024: Investors in Hipgnosis Songs Fund (SONG) have lost more than £1.2bn over the 12 months to the 4 March 2024, with its share price having collapsed by 65% from £1.61 to 56p over the period. This comes following an appraisal conducted by Shot Tower Capital published yesterday (4 […]
By Emma Wallis, News editor, Trustnet, 28 February 2024: Pershing Square Holdings has a history of headline-grabbing derivatives trades that have delivered billions of dollars in profit, a track record of top-quartile performance over one, three and five years, and a star manager in US hedge fund veteran Bill Ackman. Yet the UK’s third-largest investment […]
by Val Cipriani, Investors Chronicle, February 27, 2024: The past two years have been tough for the four investment trusts that promise to deliver a degree of capital growth but with a focus on wealth protection, regardless of how financial markets perform. Ruffer Investment Company (RICA) and RIT Capital Partners (RCP) have had particular difficulties, […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 27 February 2024: Investing in emerging markets offers an exposure to rapidly growing economies, which should hopefully translate into returns for investors. This has been true over the very long term but the performance of emerging markets in the past 10 years has been uninspiring, trailing far behind developed markets. […]
Cherry Reynard, Portfolio Adviser Magazine, February 2024: Investment trusts have a well-deserved reputation as an effective way to manage such illiquid assets as property, smaller companies and infrastructure, yet the past 18 months have also highlighted the problems of this type of vehicle, as discounts have widened in response to higher interest rates, cost-disclosure problems […]
Tom Aylott, Portfolio Adviser Magazine, February 2024: Poor market conditions have sent the share price of investment companies plummeting in recent years, with 93.8% of all trusts now trading at a discount to their net asset value. While this has been a thorn in the side of many portfolios, widespread discounts could be used to […]
Christian Mayes, Portfolio Adviser, 26 FEBRUARY 2024: A range of mergers have been announced in the investment trust space in recent times. Among others, the £2.3bn JP Morgan Global Growth and Income trust announced plans to absorb the £71m JP Morgan Multi-Asset Growth & Income (MATE) in January, while last week saw a bidding war […]
by Val Cipriani, Investors Chronicle, February 21, 2024: The valuations of private assets have increasingly come under scrutiny in the past two years, as inflation and higher interest rates sent listed company values on a rollercoaster but left the likes of private equity relatively untouched. Private investors typically get exposure to private assets through investment […]
by Jennifer Hill from interactive investor, 19th February 2024: Markets have had to digest more than usual over the past five years. The period has seen the Covid-19 pandemic and Russia’s invasion of Ukraine, as well as soaring inflation and sharp reversals in monetary policy from quantitative easing and rock-bottom interest rates to a sustained […]
