by Val Cipriani, Investors’ Chronicle, December 6, 2024: Bill Ackman’s Pershing Square Holdings (PSH) will buy back $100mn (£79mn)-worth of shares as it attempts to close a persisting discount to net asset value (NAV), after a difficult second half of the year for the trust. Ackman’s vehicle has been unpopular with investors recently despite an […]
Investment trust insider on Trump, climate change and the environment – James Carthew: The renewable trusts in Trump’s firing line President-elect Donald Trump could row back policies including the US Inflation Reduction Act, which would knock trusts with exposure to tax credits and tariffs In recent weeks, I’ve been looking at the possible impact of […]
By Jennifer Hill, Investment Trust Insider, 29 November 2024: Investment trust discounts are heading in the right direction, having narrowed by almost four percentage points from their lows in October last year, but they still have plenty of ground to make up. At the end of October 2023, amid rising interest rates and conflict in […]
James Carthew for Citywire Investment Trust Insider, 29 November 2024: This has been a year of radical change in investment companies. However, unlike previous periods of heightened corporate activity among listed closed-end funds, boards have mostly initiated corporate action themselves rather than having it forced upon them. Share price ratings in the sector weakened for […]
by Val Cipriani, Investors Chronicle, November 28, 2024: Infrastructure investment trusts have seen their discounts to net asset value (NAV) widen, as higher government bond yields in the US and in the UK once again delay a potential recovery. The Association of Investment Companies’ infrastructure sector’s average discount reached 18.6 per cent on 25 November, […]
Investment trust insider on Trump and healthcare – James Carthew: If Trump avoids healthcare pain, now’s a good time to buy Donald Trump’s provocative healthcare appointments have caused uncertainty for drugs developers but the outlook remains positive once the political noise abates. Two weeks ago, I wrote about the potential positive impact of the new […]
By Emma Wallis, News editor, Trustnet, 22 November 2024: Chrysalis Investments, which invests in high growth businesses using technology to transform their sectors, is recovering after a difficult couple of years. Its share price has gained ground in recent months, as an initial public offering (IPO) is on the horizon for one of its largest […]
Tom Aylott, Portfolio Adviser, 20 November 2024: Baillie Gifford’s Edinburgh Worldwide investment trust is to undergo a restructure following three years of negative returns. The £630m trust’s share price has more than halved since its peak in 2021, falling 58.7% – almost quadruple that of the 15.9% loss made by its peers in the IA […]
By ROSIE MURRAY-WEST, Mail on Sunday, 17 November 2024: Everybody loves a good discount and that’s exactly what is being offered to buyers of investment trusts. These stock market-listed investment companies offer access to a world of tempting portfolios, from handpicked selections of UK shares to clusters of shares in income-generating renewable energy firms. Investment […]
by Dave Baxter, Investors’ Chronicle, November 12, 2024: The past year has been an extremely strong one for markets, with many of the difficulties that emerged back in 2022 finally starting to abate for investors.. This ‘Goldilocks’ (ie, just right) backdrop has certainly worked out well for our two investment trust income portfolios. The two […]
