By Tom Aylott, Reporter, Trustnet, 19 October 2023: Government bond yields rose to their highest levels in more than a decade last week as investors sold out of them en masse. Strong employment data from the US proved that the Federal Reserve’s (Fed) efforts to slow inflation were not as effective as anticipated, making it […]
Christian Mayes, Portfolio Adviser, 19 OCTOBER 2023: Analysts have warned of a potential breakdown in the relationship between the board of the beleaguered Hipgnosis Songs Fund and its investment adviser. In a stock exchange announcement today (19 October), the Hipgnosis board announced a strategic review and said it would consider “all options” for the trust’s […]
Investment trust insider on Fidelity Asian Values – James Carthew: A good news story from Fidelity Asian Values Rather than moaning about discounts on alternative asset funds again, how about a good news story from an equity-focused trust? This past week saw the publication of annual results from Fidelity Asian Values (FAS). The numbers were […]
Richard Williams, property analyst, QuotedData in Portfolio Adviser Magazine, October 2023: If, as the data suggests, inflation is coming under control and interest rates have hit a peak, Reits could be in for a re-rating. Languishing on discounts to NAV of 30-40%, the end of the interest rate escalator cannot come soon enough for the […]
By Val Cipriani, Investors’ Chronicle, October 10, 2023: Ruffer Investment Company (RICA) has struggled this year, leaving investors wanting on its promise of “consistent positive returns, regardless of how the financial markets perform”. However, the popular trust’s managers have recognised their mistakes, and have been in similar situations before, raising hopes that the underperformance is […]
by Kyle Caldwell from interactive investor, 10th October 2023: The 15-year anniversary of the collapse of Lehman Brothers, which sent shockwaves through global stock markets, recently passed. Prior to the largest bankruptcy in US history came the credit crunch. This put paid to over-borrowed banks such as Northern Rock. Then came the full-blown banking crisis […]
Investment Week, 10 October 2023: It has been a year of meticulous productivity and many successes for India, the world’s fifth largest economy, and there are still more than two months to go. 2023 has so far seen the country celebrate a milestone in space exploration, bolster its position as an international manufacturing hub and […]
James Carthew: I’ve bought DGI9 but I’m voting against Hipgnosis It feels sometimes as though an all-pervading gloom has descended on the investment companies’ sector as share price discounts continue to widen. It does not seem to matter how often you point out the illogicality of share prices (as I did in last week’s article), […]
Faith Glasgow, AIC Compass Magazine, October 2023: Interest rate rises took a breather in September, as the Bank of England narrowly opted to keep the base rate at 5.25% for a second month on the back of a further decline in inflation in August. It was the first break in the UK’s rising rate cycle […]
by Jennifer Hill from interactive investor, 3rd October 2023: As the old adage goes, one must concentrate to build wealth and then diversify to protect wealth. However, the benefits of diversification can diminish rapidly after you reach around 30 stocks. This concept can be traced back to a paper published by Lawrence Fisher and James […]
