James Carthew: Why Rockwood is rocking the UK small-cap sector Last week I relayed the view of Miton UK Microcap (MINI) fund manager Gervais Williams on the undervaluation of the UK smaller company market, and especially that of the very smallest listed companies. Following this, I caught up with Richard Staveley, manager of Rockwood Strategic […]
By Dave Baxter, Investors Chronicle, July 12, 2023: Few funds made it through 2022 unscathed, and even those with an explicitly defensive profile took a hit. A combination of problems, including a painful government bond sell-off, ultimately took its toll on most of the so-called wealth preservation investment trusts, although most of them fared better […]
BY JEN HILL, Citywire Investment Trust Insider, 13 July 2023: Whatever investors have been doing this year, they haven’t been buying wealth preservation fund Ruffer Investment Company (RICA). But is that exactly what they should be doing? Last week we flagged the slump in its shares in the latest Trust Watch and this week the […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 13 July 2023: Edinburgh-based investment firm Baillie Gifford had a dreadful time in 2022, with none of its 49 funds and trusts making a positive return. Baillie Gifford’s funds rose to prominence and were popular among investors as their strong tilt towards growth blossomed the low interest rate environment of […]
By Tom Aylott, Reporter, Trustnet, 10 July 2023: Investors in the Mid Wynd International Investment Trust should take a wait-and-see approach to the new managers selected by the board, according to experts. It announced in June that Lazard would be taking over from Artemis as manager of the £428m portfolio – a move that may […]
James Carthew: Smithson and GSCT look sensible options Smaller companies are out of favour as nervous investors prefer liquid mega caps (especially those with an AI angle, however tenuous). Nevertheless, in the global smaller companies sector, both Smithson (SSON) and Global Smaller Companies Trust (GSCT) have managed to make positive net asset value (NAV) progress […]
James Carthew: When the small-cap recovery comes it could be big The outlook for the UK equity market feels gloomier than ever. Headlines about rising core inflation, mortgage rates, government borrowing costs, and predicted interest rates reinforce the message that much more pain will be inflicted on British companies and consumers over the next year […]
by Sam Benstead from interactive investor, 7th July 2023: An outside investor has purchased struggling real estate investment trust (REIT) Civitas Social Housing at a large discount, stripping investors of about 25% of the value of the business. The CSH board accepted Hong Kong-based CKA Group’s 80p a share, £485 million cash offer, which values […]
by Sam Benstead from interactive investor, 5 July 2023: When it comes to sales, there has only been one winner in the active versus passive fund battle over the past decade, with the latter cleaning up. In 2007, before the financial crisis struck, the amount held in tracker funds was a mere £29 billion, which […]
By Tom Aylott, Reporter, Trustnet, 03 July 2023: These four trusts could be held as a core holding by any investor, regardless of risk appetite or time horizon, according to fund pickers. Many funds cater to investors with specific goals, but some strategies appeal to those of all time horizons. For example, low-risk trusts typically […]
