Investment trust insider on renewable energy funds – James Carthew: ‘Crazy’ lack of demand for cheap renewables funds Here’s hoping Labour’s new energy drive can help re-rate renewable infrastructure funds like Downing which offer good income and growth but trade on excessive share price discounts A few weeks ago, I put forward the buy case […]
Eve Maddock-Jones, Investment Week, 4 July 2024: The departure of Hipgnosis Song Management (HSM) founder Merck Mercuriadis is unlikely to have any major implications for Hipgnosis Songs fund (SONG) shareholders, analysts have argued. HSM, the investment manager of SONG, said on Tuesday (2 July) that the former chief executive and founder of the company would […]
By David Thorpe, FT Adviser, 1 July 2024: Fund manager Nick Train has revealed that despite many UK-listed companies trading at very low valuations, he isn’t interested in buying them. Speaking on a webinar hosted by QuotedData, an investment trust research house and commenting on his role as manager of the Finsbury Growth and Income […]
Sorin-Andrei Dojan, Investment Week, 01 July 2024: Finsbury Growth & Income trust manager Nick Train has criticised professional fund managers and amateur investors for often chasing the latest “hot idea”, showing no patience for stock growth. Speaking in a weekly webinar held by QuotedData, Train argued that portfolios “never really stay stable long enough to […]
Investment Week, 1 July 2024: In the latest instalment of the ‘Four graphs explaining’ series, experts discern which investment trusts are actually a buying opportunity amid wide discounts across the sector. At the time of publication, there are only 23 investment trusts across the entire Association of Investment Companies universe which are on a premium, […]
by Kyle Caldwell from interactive investor, 25th June 2024: The investment trust industry has in the past faced criticism for having too many small, sub-standard trusts with assets worth £100 million or less. This has been changing over the past couple of years, with boards increasingly ringing the changes. Boards have the ability to replace […]
Valeria Martinez, Investment Week, 26 June 2024: The merger of the Alliance Trust with Witan has been widely regarded as a logical outcome given their shared multi-manager approach, but analysts have warned shareholders of the combined entity may have to stomach higher levels of volatility. Both trusts joined this year’s investment trust M&A drive today […]
By Jonathan Jones, Editor, Trustnet, 26 June 2024: Alliance Trust and Witan are to join together in the biggest investment trust merger in history and create the industry’s sixth-largest investment company with around £5bn in assets under management. The announcement, made this morning, comes after Witan had previously announced a strategic review of the £1.6bn […]
by Dave Baxter, Investors Chronicle, June 26, 2024: Two popular global stocks investment trusts are to create a £5bn behemoth after Alliance Trust (ATST) announced it would take over its weaker-performing rival, Witan (WTAN). Both trusts invest with a global mandate and use a multi-manager approach, employing other fund houses and investment firms to pick […]
Lauren Hardy, Portfolio Adviser, 26 JUNE 2024: The proposed merger between Witan investment trust (WTAN) and Alliance Trust ATST) is “not unexpected” and “makes sense” amid myriad headwinds for the investment company sector, according to analysts. But while benefits including lower costs, greater liquidity and “increased efficiencies” are welcome, question marks remain as to the […]
