Investment trust insider on the loss of good funds – James Carthew: Too many good funds are throwing in the towel Share price discounts have been widening across the investment companies’ sector. Incredibly, just 20 of 337 closed-end funds that I follow were trading at a premium to net asset value (NAV) at the end […]
By Dave Baxter, Investors’ Chronicle, September 7, 2023 Holding an active fund can sometimes feel like a thankless task. Many have failed to outperform markets in both good times and bad, and with thousands in existence the choice on offer can seem overwhelming. But there are still rewards to be had: the best have outperformed […]
Christian Mayes, Portfolio Adviser, 06 SEPTEMBER 2023: Real estate stock exchange International Property Securities Exchange (IPSX) is due to close after struggling to find new investment. The exchange, which provides investors with access to single-asset real estate investment trusts (Reit), was launched in 2019 and currently has three listings – Mailbox Reit, M7 Regional E-Warehouse […]
Valeria Martinez, Investment Week, 5 September 2023: Real estate stock exchange IPSX, or International Property Securities Exchange, is winding down its operations after four years. The exchange, which launched in 2019, was dedicated to the initial public offering and secondary market trading of real estate investment trusts owning single institutional grade commercial real estate assets, […]
Valeria Martinez, Investment Week, 05 September 2023: From trading at a premium less than a year ago, Digital 9 Infrastructure (DGI9) has rapidly reversed to a discount, with share prices falling over 40% as investors digested a series of problems, including a funding crisis that has yet to be resolved. The FTSE 250 trust, managed […]
Investment trust insider on the sector’s recent failures – James Carthew: Legal actions could follow trust management failings People often quote Warren Buffet’s ‘Only when the tide goes out do you discover who’s been swimming naked’ when looking at the problems besetting the investment company sector, but most of the worst examples of failures recently […]
James Carthew: High yield, low rating look unfair on Bluefield Solar The prices of renewable energy funds fell by an average of 3.1% last month, taking their one-year decline to nearly 17%. Most of these funds are trading at discounts of more than 20% to net asset value (NAV) and have dividend yields well above […]
Valeria Martinez, Investment Week, 1 September 2023: The Triple Point Social Housing (SOHO) REIT has sold four properties roughly in line with the book value of its portfolio, with proceeds earmarked for potential share buybacks or debt repayments. In a stock exchange notice today (1 September), the board said the assets had been sold to […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 31 August 2023: The ability to borrow money is one of the weapon in an investment trust’s arsenal. In many cases, it has contributed towards the outperformance of investment trusts relative to their equivalent open-ended versions, as they take out money to invest, making higher returns each year above the […]
In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to James Carthew, director of QuotedData.
