Eve Maddock-Jones, Investment Week, 14 October 2022: Over the past few months investors have repeatedly been told the 60/40 portfolio model is dead, with equities and bonds falling into lockstep rather than acting as diversifiers amid the market turmoil. This has seen more and more fund pickers recommend alternative assets to fill that diversification gap, […]
James Baxter-Derrington, Investment Week, 14 October 2022: Hipgnosis Songs Fund has launched a share repurchase programme, which will run for eight weeks. The buyback scheme will run from today until 8 December and will be managed by Singer Capital Markets Securities. Any shares purchased as part of the scheme will count towards Hipgnosis’ general buyback […]
By Tom Aylott, Reporter, Trustnet, 13 October 2022: Global trusts were some of the biggest benefactors of the growth wave that dominated throughout the 2010s, loading up on US tech companies that soared. In the past five years alone, the IT Global Equity Income and IT Global sectors have delivered investors a total return of […]
by Kyle Caldwell, interactive investor, 11th October 2022: Investment trust discounts have widened notably since the beginning of the year, rising from 1.5% to 15.7% for the average discount, according to analyst Winterflood. The bear market that’s played out this year in response to high levels of inflation, increases in interest rates and geopolitical tensions, […]
Investment trust insider on UK Commercial Property – James Carthew: The point of maximum pessimism to UK property approaches Unbelievably, once again open-ended property funds are imposing restrictions on redemptions of units. Funds managed by Schroders, BlackRock and Columbia Threadneedle have been affected, but how long will it be before others follow suit? The sharp […]
James Baxter-Derrington, Investment Week, 10 October 2022: Hipgnosis Songs fund (SONG) successfully issued a $700m debt refinancing programme at the beginning of October, however the delay and details of the “fundraising of last resort” leaves questions for investors. As part of an investment note that recommended the music trust as a ‘buy’, Investec analysts Ben […]
Eve Maddock-Jones, Investment Week, 05 October 2022: Investment trusts have been pushed to the widest discounts in years due to the abnormally high levels of market volatility and uncertainty. This includes not only closed-ended portfolios that have been running on a discount long-term, but portfolios that have historically run on significant premiums now being reduced. […]
By Val Cipriani, Investors’ Chronicle, October 6, 2022: Jonathan Ruffer’s all-weather philosophy of trying not to be wrong rather than attempting to be right used to sound thoroughly unexciting. Then 2022 came, and these days it feels like the best anyone can hope for. The team at the helm of Ruffer Investment Company (RICA) has […]
Investment trust insider on discount rates – James Carthew: Rising discount rates could make loan terms a problem for ‘alt’ funds Alternative assets have been the fastest growing part of the investment companies’ sector for many years now. At first, the real excitement was about hedge funds and funds of hedge funds (which largely came […]
By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 2 October 2022: Making money from emerging markets is not easy. Even veteran investor Terry Smith, hailed as Britain’s Warren Buffett, has announced he is winding up his fund that operates in the region, because it has ‘underperformed expectations’… But these fund disappointments do not mean that emerging […]
