By Anne Ashworth, Daily Mail, 25 October 2024: The word ‘discount’ is one of the most enticing in the English language. But in the case of private equity investment trusts, discounts are provoking more suspicion than excitement at present. The share prices of many of these trusts – which back the unlisted businesses poised to […]
James Carthew, 24 October 2024, The Telegraph’s Questor on AVI Global Trust: This trust doesn’t need the Magnificent Seven to beat global markets At 135 years old, AVI Global is still able to find undervalued winners Over the 39 years that Asset Value Investors has been running AVI Global Trust, it has grown its assets […]
by Val Cipriani, Investors Chronicle, October 21, 2024: Packing up the house always takes longer than you think. For investment trusts that have started the winding-up process, clearing the portfolio can be long and complicated, especially when illiquid assets need to be offloaded. Earlier this month, beleaguered infrastructure trust Digital 9 Infrastructure (DGI9), which is […]
By Matteo Anelli, senior reporter, Trustnet,18 October 2024: Value investors don’t have as broad a choice as growth enthusiasts when it comes to selecting funds and trusts, with the number of active managers buying unloved stocks dwindling after almost a decade of growth superiority. Two prominent names are Ian Lance and Alex Wright, managers of […]
Investment trust insider on annual redemption opportunities – James Carthew: Annual redemptions bring more problems than solutions Yearly redemption opportunities turn trusts into cash cows and don’t even keep discounts narrow, as Bellevue Healthcare has learnt. This week’s focus is on annual redemption opportunities. I made it clear earlier this month, when discussing the demise […]
By James Carthew, QuotedData for Trustnet, 14 October 2024: After a long period in the doldrums, there are glimmers of hope that investors might start to favour UK small-caps once again. Small-caps tend to outperform large-caps over the long term and the UK market is still very much cheaper than the US. With that in […]
Investment trust insider on HarbourVest Global Private Equity – James Carthew: I bought HarbourVest because its discount is far too wide HarbourVest Global Private Equity languishes on a 42% share price discount, which ignores several positive features of the £1.7bn portfolio I said two weeks ago I was thinking about buying shares in another undervalued […]
by Dave Baxter, Investors Chronicle, October 8, 2024: Several investment trusts face the prospect of contentious continuation votes in the coming months, putting further pressure on a sector already rife with consolidation. With share price discounts to net asset value (NAV) remaining wide, busy merger and acquisition activity has seen several trusts disappear this year. […]
by Jennifer Hill from interactive investor, 8th October 2024: Making the case for the bulls are anticipated interest rate cuts, an economy that appears to be on a stable footing and low unemployment. Making the case for the bears are relatively high stock valuations, looming elections and the chance that recession may not be avoided. […]
Investment trust insider on China’s stimulus – James Carthew: A China recovery could have a big impact on the world It’s not just China investment trusts that are feeling the benefit of Beijing’s efforts to stimulate the country’s stalling economy and depressed stock market. The latest rounds of stimulus being injected into the Chinese economy […]
