BY GAVIN LUMSDEN, Citywire Investment Trust Insider, 1 Feb 2024: Gresham House Energy Storage Fund (GRID) has scrapped its fourth quarter dividend, blaming grid connection delays and under-utilisation of battery balancing mechanism for falling UK revenues. In a fourth quarter update, the company also said the ‘continued excessive use’ of legacy gas-fired power stations was […]
Investment trust insider on JPMorgan Multi Asset – James Carthew: JPMorgan’s MATE was a good idea no one wanted Investment company merger proposals are still coming thick and fast. One of the latest is a proposed tie-up between JPMorgan Multi-Asset Growth and Income (MATE) and JPMorgan Global Growth and Income (JGGI). JGGI has become the […]
By Richard Williams, QuotedData, 29 January 2024: Being underweight the ‘Magnificent Seven’ would have made for a painful 2023. The seven US mega-cap technology stocks – Microsoft, Apple, Alphabet, Meta, Nvidia, Amazon, and Tesla – were collectively up 80% over the year, while the remaining 493 stocks that make up the S&P 500 index were […]
Investment trust insider on global trusts – James Carthew: Global funds can learn from Alliance Trust’s success Our columnist says he is increasingly convinced Alliance Trust makes a ‘core’ holding for investors after its prgamatic multi-manager revamp seven years ago. Last week I discussed how 2023’s markets were dominated by a ‘magnificent seven’ of mega-cap […]
by Val Cipriani, Investors Chronicle, January 16, 2024: Infrastructure trusts are facing a “complex and time-consuming” process of handing back assets to the government, as a number of the projects they invest in approach their expiry date. Some trusts also have the added difficulty of replacing assets built through public private partnerships (PPP) and could […]
By ANNE ASHWORTH, Daily Mail, 13 January 2024: Until late last year, the billionaire US activist investor Bill Ackman was almost unknown outside Wall Street and the City, despite a series of corporate battles. But his fame has now spread worldwide in the wake of his successful free-speech campaign to unseat the president of his […]
Investment trust insider on AI – James Carthew: Tech trusts transform their returns with big AI bets Ignoring a couple of oddities, the best-performing investment company last year in terms of underlying growth in net asset value (NAV) was Manchester & London (MNL), which generated a return of 57%. A narrowing discount meant that shareholders […]
by Dave Baxter, Investors Chronicle, January 11, 2024: By now investors will be familiar with the trials and tribulations of Baillie Gifford’s flagship investment trusts. Scottish Mortgage (SMT) shareholders might feel like they have seen it all – from the enormous gains of the lockdown era to the eye-watering losses, board spats and doubts over […]
by Kyle Caldwell from interactive investor, 11th January 2024: There are various ways to improve the odds of investment success, including having a diversified portfolio, investing over the long term, and rebalancing a couple of times a year. Another one is to keep a close eye on valuations and seek out undervalued areas of the […]
Tom Aylott, PORTFOLIO ADVISER, 10 JANUARY 2024: The Abrdn Diversified Income and Growth trust will return approximately £115m to shareholders in the first half of the year as part of its wind-down process. Its directors launched a review into the trust’s persistent and entrenched discount in June last year, concluding that a wind-down was in […]
