By MIKE SHEEN FOR THIS IS MONEY, 10 March 2023: The rising cost of borrowing could leave some buyers of investment trusts nursing heavy losses and a sharp fall in income. Investment trusts’ use of borrowing – known as gearing – is designed to supercharge returns and income when a vehicle’s strategy pays off, but […]
Elliot Gulliver-Needham, Investment Week, 7 Mar 2023: The investment trust, which launched in November 2021, has seen shares fall 12.7% over the last year, according to data from Morningstar, although it has managed to hold prices steady in the last four months. Focusing on the four areas of digital infrastructure, power and utilities, renewables and […]
Investment trust insider on Princess Private Equity – James Carthew: Sanity and dividend restored at Princess News that Princess Private Equity (PEY) is abandoning currency hedges is welcome news after the strategy caused serious problems last year, leading to the cancellation of its interim dividend in November. The shares edged up a little after last […]
By Dave Baxter, Investors’ Chronicle, February 28, 2023: High dividend yields can be hard to resist, and there are many currently on offer in the investment trust universe. But a high yield can reflect recent price volatility, as with embattled Home REIT (HOME), or be a result of an especially esoteric portfolio, an example being […]
Valeria Martinez, Investment Week, 28 February 2023: The Aquila Energy Efficiency trust looks set to fail its continuation resolution, as over half of proxy votes cast so far have come against it. In a London Stock Exchange announcement yesterday afternoon (27 February), the company revealed that votes representing 83,768,843 shares (83.8% of share capital) had […]
BY GAVIN LUMSDEN, Investment Trust Insider, 28 Feb 2023: A majority of proxy votes have gone against Aquila Energy Efficiency Trust (AEET) which looks to fail its continuation vote today. Shares in the £70m renewables fund jumped 6.5% yesterday afternoon, narrowing its wide discount to 19%, after the company announced that 55.6% of votes cast […]
by Kyle Caldwell from interactive investor, 28th February 2023: Three years ago was a great opportunity to pick up bargains among investment trusts as the Covid-19 pandemic caused widespread panic and fear… Three years ago is a case in point. In response to the emergence of Covid-19, stock markets fell notably, with the FTSE All-Share […]
Jonathan Jones, Editor, Trustnet, 27 February 2023: Mid Wynd International manager and Artemis head of global equities Simon Edelsten is to retire at the end of the year, with Alex Stanic brought in to replace the veteran stockpicker. Edelsten, who also manages the Artemis Global Select fund, will remain with the firm until the of […]
Investment trust insider on Hydrogen – again! – James Carthew: The hydrogen bubble burst, but there is substance to this green power At risk of overkill, I’m having a second look in a month at HydrogenOne Capital Growth (HGEN) after the investment trust’s day with analysts and investors in the City last week. This saw […]
David Brenchley, February 26 2023, The Sunday Times: With the best one-year fixed savings account now paying 4.31 per cent, riskier investments such as stocks and shares may seem less attractive than they have been for a long time. If you can get a high interest rate on your money, why take more risk in […]
