James Carthew: HINT chases growth just as value breaks through Henderson International Income (HINT) is supplementing dividends with payments out of capital to allow it to hold more low-yielding technology stocks. Is the move mistimed? Henderson International Income (HINT) has announced that following a spate of poor performance it intends to follow peers such as […]
By James Carthew, for Trustnet, 31 October 2024: You could argue that investing in infrastructure is boring. Long-term contracts, predictable cash flows, must-have assets, availability rather than demand-linked revenues, inflation-linked income and counterparties with strong credit ratings ought to make for ‘sleep at night’ investments. For many years, the ratings on listed infrastructure funds reflected […]
by Cherry Reynard from interactive investor, 29th October 2024: Every investor understands the basic premise of investing: to sell something for more than they bought it for. However, while objectively straightforward, it is fiendishly difficult to do in practice. Time, markets, and emotions can all get in the way. This is the appeal of the […]
Investment trust insider on Montanaro European – James Carthew: More to come as Montanaro leads the European rally The quality growth stocks in Montanaro European Smaller Companies are reaping the rewards of interest rate cuts and uncertainty over the eurozone economy. Looking at the European small-cap sector recently, I was pleased to see Montanaro European […]
by Jennifer Hill from interactive investor, 28th October 2024: There are many reasons why a fund might get a new manager, with the retirement of the incumbent manager and poor performance being chief among them. While some investment houses have navigated the task of replacing a veteran fund manager with aplomb, others have failed to […]
By Anne Ashworth, Daily Mail, 25 October 2024: The word ‘discount’ is one of the most enticing in the English language. But in the case of private equity investment trusts, discounts are provoking more suspicion than excitement at present. The share prices of many of these trusts – which back the unlisted businesses poised to […]
James Carthew, 24 October 2024, The Telegraph’s Questor on AVI Global Trust: This trust doesn’t need the Magnificent Seven to beat global markets At 135 years old, AVI Global is still able to find undervalued winners Over the 39 years that Asset Value Investors has been running AVI Global Trust, it has grown its assets […]
by Val Cipriani, Investors Chronicle, October 21, 2024: Packing up the house always takes longer than you think. For investment trusts that have started the winding-up process, clearing the portfolio can be long and complicated, especially when illiquid assets need to be offloaded. Earlier this month, beleaguered infrastructure trust Digital 9 Infrastructure (DGI9), which is […]
By Matteo Anelli, senior reporter, Trustnet,18 October 2024: Value investors don’t have as broad a choice as growth enthusiasts when it comes to selecting funds and trusts, with the number of active managers buying unloved stocks dwindling after almost a decade of growth superiority. Two prominent names are Ian Lance and Alex Wright, managers of […]
Investment trust insider on annual redemption opportunities – James Carthew: Annual redemptions bring more problems than solutions Yearly redemption opportunities turn trusts into cash cows and don’t even keep discounts narrow, as Bellevue Healthcare has learnt. This week’s focus is on annual redemption opportunities. I made it clear earlier this month, when discussing the demise […]
