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 […]
Lauren Hardy, Portfolio Adviser, 25 JUNE 2024: Revised conditions of Bidco’s all-share purchase of Hipgnosis Songs Fund (SONG) are moving closer to fruition, according to a London Stock Exchange announcement published today (25 June), following a revised cash offer from Bidco for the beleaguered investment company. On 3 June, Blackstone-owned Lyra Bidco Limited increased its […]
BY JENNIFER HILL, Citywire Investment Trust Insider, 20 June 2024: Last-mile warehouse investor Urban Logistics (SHED) believes the time is right to increase gearing after what analysts at QuotedData hailed ‘another year of strong operational performance’. Net rental income rose 8.4% in the year to end-March as the mismatch between supply and demand in logistics […]
By James Carthew, QuotedData, 20 June 2024: One of the great rules of investing is don’t buy something that you don’t understand. Fortunately, most businesses are reasonably straightforward, but one sector that is riddled with complexity is financials, especially when it comes to the banks, insurance and life assurance companies that make up the majority […]
James Crux, SHARES, 20 June 2024: Whereas passive funds aim to track the performance of a key benchmark or index, active funds are run by a professional fund manager who selects what goes in the portfolio with the aim of outperforming the market.. WHAT IS THE FUND’S STRATEGY? One of the major advantages of funds […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 19 June 2024: Murray International and JPMorgan Global Growth & Income have built a strong following over the years and are, as such, the two largest investment trusts in the IT Global Equity Income sector. However, the two trusts built their reputations under very different circumstances. Murray International is managed […]
by Val Cipriani, Investors Chronicle, June 18, 2024: Private equity trusts often have poorly structured performance fees, which can make them ineffective and unfair to shareholders, according to Quilter Cheviot. The wealth manager criticised how private equity investment trusts set performance fees in a report on governance at alternative investment trusts. It listed a series […]
Investment trust insider on US infrastructure – James Carthew: Power up your portfolio with US infrastructure trusts While there may be some political noise in the run up to the presidential election, the long-term case for investments in US renewable infrastructure is pretty solid. While all eyes have been on the meteoric rise of Nvidia, […]
