Valeria Martinez, Investment Week, 22 July 2024: This October marks four years since Home REIT debuted on the London Stock Exchange. Typically, that would be a milestone to celebrate, if it were not for the fact that shareholders have been unable to trade its shares for nearly half of that time. After two rocky years […]
by Val Cipriani, Investors Chronicle, July 17, 2024: Baillie Gifford has dialled down the risk in its global investment trust, Monks Investment Trust (MNKS), in an attempt to turn around poor numbers – but all of the company’s global strategies are still some way off recovering from the 2022 rout. Despite posting better numbers in […]
By James Baxter-Derrington, INVESTMENT EDITOR, The Telegraph, 16 July 2024: Home REIT, a real estate investment trust, has announced it will be winding down after struggling with rising debts, legal action from disgruntled investors and an investigation by the City watchdog. The popular property trust was forced to suspend its shares in January 2023 after […]
Valeria Martinez, Investment Week,16 July 2024: News of a proposed wind-down for the troubled investment trust Home REIT has brought shareholders closer to an exit after a turbulent two years, but legal troubles may hinder the prospect of capital returns. The decision unveiled today (16 July), which has been backed by the former FTSE 250 […]
By Jean-Baptiste Andrieux, Reporter, Trustnet,16 July 2024: Real estate investment trusts (REITs) have suffered through a daunting couple of years as inflation and interest rates have risen, but those headwinds are dissipating. With many trusts trading at wide discounts, experts believe this is a good time to revisit the sector. Typically, higher inflation and rising […]
by Cherry Reynard from interactive investor, 15th July 2024: Running a concentrated portfolio of a small number of companies comes with the risk of a single-stock failure, which can derail a fund manager’s track record.. The vogue has been for managers to hold concentrated portfolios. Many have sought to emulate the Warren Buffett mantra – […]
Investment trust insider on small caps – James Carthew: The world can’t be mean to small-caps forever The dominance of mega-cap tech stocks has exacerbated the underperformance of smaller company funds, but history suggests this should change. Mean reversion, the tendency for asset prices to return to their long-term average, is a wonderful thing. However, […]
By Emma Wallis, News editor, Trustnet, 12 July 2024: Chancellor Rachel Reeves has barely been in office a week but has already announced planning reforms to “get Britain building again”.. Labour promised in its manifesto to build 1.5 million new homes during the next five years and is establishing a housing task force to tackle […]
Faith Glasgow, AIC Compass, 12 July 2024: It seems that the investment trust arena is gripped by merger mania, with a record six mergers completed in the first half of 2024 alone and more completing or in the pipeline. By far the largest and most high-profile of these deals – indeed, the largest merger ever […]
By David Thorpe, FT Adviser, 11 July 2024: When Andrew Bell announced in March that he intended to retire as fund manager and chief executive of Witan Investment Trust, it sparked a race across the City to win the fund management contract, which, at around £1.5bn, was among the biggest mandates to come on to […]
