James Carthew for Investment Week, 24 January 2023: Within the investment companies sector, it has to be admitted that 2022 was a pretty poor year for funds investing in global equities. Only one, Brunner, managed to beat the MSCI AC World index, in NAV terms, although Lindsell Train, Alliance Trust and F&C all came close. […]
Investment trust insider on Vietnam Enterprise – James Carthew: Lifting the VEIL on Vietnam’s conundrum One of the more peculiar moves last year was the selloff of the Vietnamese market from March 2022 onwards. It was a clear demonstration of the separation of macroeconomics from stock market performance. With GDP growth of 7.8% in 2022, […]
by Kyle Caldwell from interactive investor, 19th January 2023: We explain the tricks of the trade to find potential discount opportunities, and name the three areas where analysts are finding plenty of value in 2023… The first thing to point out is that while investment trust discounts offer opportunities to buy a basket of investments […]
James Carthew: Some 2022 winners are worth holding onto this year I’m uneasy about the resilience of the recent stock market rally. Despite this, I think a few of last year’s big gainers could do well again in 2023. Against a difficult backdrop, only about a third of investment companies generated a positive share price […]
David Brenchley, The Sunday Times, January 15 2023 The January sales are still on but you might find it more profitable to go shopping in the stock market instead. When share prices fall as sharply as they have since mid-2021, investors will inevitably be on the lookout for bargain opportunities. Investment trusts are trading at […]
Investment trust insider on discount opportunities – James Carthew: Discount dislocations offer opportunities Today, at the same time as investors get to grips with higher inflation and interest rates, they are afflicted by wider share price discounts to net asset values (NAV) across the investment companies sector. Many years ago a former colleague of mine […]
Jennifer Hill from interactive investor, 20 December 2022: We asked financial advisers, fund analysts and wealth managers to share 10 emerging market fund and investment trust ideas for shareholders in Fundsmith Emerging Equities Trust who are looking for a new home for their capital. Shareholders in Fundsmith Emerging Markets Trust (FEET) overwhelmingly gave their blessing […]
Cherry Reynard, Trustnet Magazine, 20 December 2022: There was widespread optimism in the world of investment trusts at the start of 2022… However, as soon as Russia invaded Ukraine in February, all bets were off. This set off a chain of events, with disruption to commodity markets pushing up inflation, leading to higher interest rates […]
Investment trust insider on EMEA – James Carthew: In emerging market turmoil, ‘eclectic’ EMEA has surprise appeal China still dominates the MSCI Emerging Markets Index, accounting for 30% of the benchmark at the end of November 2022. Its weak markets, largely a product of its zero-Covid policy, have weighed on the returns of global emerging […]
Investment trust insider on Chrysalis – James Carthew: How Chrysalis could re-rate after a bad year Chrysalis (CHRY) has been in the news as the board has agreed the new terms of the fund manager’s performance fee which shareholders will need to approve. It still faces the criticism that, unlike most fees in the private […]
