Baillie Gifford ‘still has work to do’ to win over European Growth Trust investors Oversubscribed tender offer Investment Week, David Brenchley, 04 February 2020 Baillie Gifford still has a lot of work to do to win over investors in its European Growth Trust, according to analysts, after more than half of its shareholder base said […]
Investment trust insider on farmland – James Carthew: I don’t want to commit to FARM float no more After a quiet year for investment company flotations last year, brokers are hoping for a livelier new issue market in 2020. One of the first to market, helped by kicking off the process in December, could be Global […]
Investment trust insider on JPMorgan Russian – James Carthew: Russia yields compelling if oil price holds up So, it turns out that after Bahrain the place to be invested last year was Russia with the MSCI Russia index returning 45.1%. As you may know, the pure play on this market is JPMorgan Russian Securities (JRS) which […]
Investment Trust sackings deliver mixed results By Kyle Caldwell, Money Observer’s quarterly trust magazine Kyle Caldwell analyses whether investment trust sackings stretching back over the past 15 years have resulted in improved performance for shareholders James Carthew is quoted in an article looking at changes in investment trust manager (including mergers) which have been on […]
QuotedData’s James Carthew is quoted in this article by David Brenchley. A 2% discount – its widest for almost a decade – may not be enough to present a ‘bargain’ in Nick Train’s Finsbury Growth & Income investment trust (FGT), according to analysts. Despite continued outperformance from FGT – 2019 represented its third calendar year […]
Investment trust insider on value versus growth for income – James Carthew: should you chase high yield or growth in search of good trust income? In my last article of 2019 I addressed the award of Edinburgh investment trust’s management contract to Majedie and commented how much better Henderson High Income Trust (HHI) had done over […]
Investment trust insider on Scottish Mortgage – James Carthew: Scottish Mortgage seeks 1.3% of the very best global companies Scottish Mortgage (SMT) made a presentation to analysts last week. It was extremely well attended, unsurprising perhaps given that, with an £8.6bn market value, the trust has become the flagship for the investment companies sector. The discussion touched on some […]
Equity trusts offer value as renewables and infrastructure premiums climb By David Brenchley Investment company discounts moving into 2020 have “never been tighter”, but trust buyers are still seeing bargain opportunities in a number of equity-oriented mandates… Through 2019, the renewables sector re-rated from a 4% premium at the beginning of the year to a […]
Best Bargains for 2020, Money Observer, January issue Jennifer Hill With the mantra ‘buy low, sell high’ firmly in mind, Jennifer Hill makes a solid argument for a shift to buying value Value investing is set for a comeback in 2020, after a decade in the doldrums. While recession risk appears to have subsided, sentiment […]
Investment trust insider on UK equity trusts – James Carthew: UK trust laggards should merge not seek new fund managers UK investment trusts of all types are enjoying a post-election rally, particularly those with the highest perceived exposure to domestically-focused companies. I am kicking myself for not having bought Aberforth Split Level Trust (ASIT), one of […]
