Kathleen Gallagher, Investment Week, 09 March 2022: The £69.6m JP Morgan Russian Securities (JRS) trust share price rose 105% on Wednesday (9 March) morning, before retreating slightly and ending up 58.5% up by noon. Analysts dismissed the move, with Matthew Read, senior analyst at QuotedData, calling it “nonsensical”. “The Moscow Stock Exchange remains closed and […]
Kristen McGachey, Portfolio Adviser, 9 Mar 22: The board of Jupiter Emerging & Frontier Income (JEFI) is proposing to pull the plug on the investment trust, as the crisis in Ukraine puts a damper on its future growth prospects. In a stock exchange announcement on Tuesday, the board concluded it would be in shareholders’ best […]
Kathleen Gallagher, Investment Week, 09 March 2022: The board of the £66.1m Jupiter Emerging and Frontier Income investment trust (JEFI) is planning to put forward proposals for the liquidation of the company. In a stock exchange announcement yesterday afternoon (8 March) the company said that the board is “conscious of the current size of the […]
Trustnet Magazine, February 2022: This tech-focused trust is something of an anomaly in that it has close to half its portfolio in UK stocks. Increases in inflation and interest rates have turned investors away from tech-focused portfolios such as the Herald Investment Trust over the past year. Yet while technology stocks still have a bumpy […]
Kyle Caldwell from interactive investor 7th March 2022: At the AGM, which took place on Friday, shareholders overwhelmingly voted for the investment trust to continue (99.4%), with two-thirds of shareholders voting. The board had recommended that shareholders vote in favour of continuing. The vote was not prompted by Russia’s invasion of Ukraine. Instead, the company […]
Investment trust insider on Russia – James Carthew: What Russia’s Ukraine war means for trusts The war in Ukraine is having far-reaching consequences for the global economy and the investment companies market. None of us has a clear picture of how this will play out. Recently, Abrdn held a useful online discussion on different scenarios. […]
Trustnet asks fund pickers which aggressive portfolios deliver steady returns in the long-run By Eve Maddock-Jones, Reporter, Trustnet, 2 March 2022: Market volatility is expected to stay higher for longer and for the bolder investors there are several more adventurous options for delivering consistent returns long-term. The past few months have been tough for investors, […]
By Gavin Lumsden, Nicole Piper, Citywire Investment Trust Insider, 01 Mar, 2022: Battered JPMorgan Russian (JRS) shares have sunk another 23% after index provider MSCI declared Russia was ‘uninvestable’ and a second director resigned from the board of the single-country fund. Ashley Dunster, a former Capital Group fund manager in the US who had been a non-executive director since […]
Gavin Lumsden, Citywire Investment Trust Insider, 25 Feb, 2022: Discounts widen: Russia’s shocking invasion of Ukraine has caused extreme volatility in stock markets, with the FTSE 100 today recovering 3.7% after plunging a similar amount yesterday. Investment trust share prices fell and leapt in almost equal measure, although the deep uncertainty saw their average share […]
Gavin Lumsden, Citywire Investment Trust Insider, 24 Feb, 2022: JPMorgan Russian Securities (JRS) is, perhaps not surprisingly, today’s biggest investment trust faller, sliding 20% to 459p, just above its March 2020 pandemic low. Shares in the £232m closed-end fund managed by Oleg Biryulyov and Habib Saikaly, the only London-listed Russian specialist, had before today fallen […]
