Linus Uhlig, Investment Week, 12 November 2025: Veteran fund manager Terry Smith’s £1.8bn investment trust, Smithson (SSON), will seek shareholder approval to roll over into open-ended investment company (OEIC), after a period of trading at a persistent discount.. The trust has traded at a persistent discount to NAV since early 2022, which the board put […]
Christian Mayes, Portfolio Adviser, 12 Nov 2025: The £1.6bn Smithson investment trust has announced plans to roll into an open-ended structure to permanently close its “entrenched” discount. The proposal follows engagement with Saba Capital, which holds a 16.05% stake in the investment trust. If approved, assets will be transferred to Smithson Equity fund, an OEIC […]
James Carthew: It’s time to invest in Polar Cap Healthcare – not cash out Shareholders are eyeing up the trust’s upcoming tender offer but stand to benefit more by remaining invested. Polar Capital Global Healthcare (PCGH) is doing the rounds with investors ahead of its liquidity event. Towards the end of November, shareholders in PCGH […]
Christian Mayes, Portfolio Adviser, 04 November 2025: Private equity investment trust Chrysalis has announced it will make no new investments prior to its next AGM in 2026, while the board mulls the split results of a shareholder consultation. In a stock exchange announcement this morning (4 November), the board said a “significant proportion” of shareholders […]
By Emmy Hawker, Senior reporter, Trustnet, 04 November 2025: With government debt levels surging and long-term interest rates of the rise, investors are facing a markedly different yield environment than in recent years, prompting them to reassess where value and resilience can be found. Trustnet asked fund pickers to select funds they believe are well-positioned […]
Investment Trust Show: The challenges facing renewable energy and infrastructure trusts. Hannah Williford talks to QuotedData’s James Carthew about the challenges for renewable energy and infrastructure trusts and whether there’s a brighter future. https://www.ajbell.co.uk/podcasts/episode/money-markets/2025-11-03
Cristian Angeloni, Investment Week, 30 October 2025: The board of Bellevue Healthcare trust (BBH) has decided to switch investment manager following a strategic review on the future of the vehicle. Shareholders will be asked to vote on the decision, which will see current manager Bellevue Asset Management replaced by Columbia Threadneedle Investments. The BBH board […]
James Carthew: Will Manchester & London’s new dividend fix its discount? The concentrated tech trust hiked its dividend to 5% last week, but time will tell as to whether it remedies its steep discount. Manchester & London (MNL) just moved from the Association of Investment Companies’ global sector to its technology sector. To be honest, […]
by Beth Brearley from interactive investor, 29th October 2025: China equity funds were on a roll over the summer thanks to a recovery in China’s markets.. A series of policies introduced by the Chinese Communist Party to encourage consumer spending and stimulate growth have also played a major part in driving performance, as has China’s […]
by Dave Baxter from interactive investor, 28th October 2025: Investment trusts have had good news this year, in the form of substantial share price rises and shrinking discounts to net asset value (NAV). After several years of fighting for survival, the sector is showing signs of recovery. But a disruptive force remains in the form […]
