By ANNE ASHWORTH, Daily Mail, 11 May 2024: De-equitisation is one of the top trends of 2024 and it is unlikely to prove a fad, with implications for our pensions and savings. More companies are opting not to list their shares on a stock market, but to find ‘equity’ or finance from banks and other […]
Cristian Angeloni, Investment Week, 09 May 2024: Share buybacks carried out by investment trusts reached a record high in 2023.. The rationale behind share buybacks stems from investment trust boards’ urge to proactively attempt to narrow discounts. At the end of October 2023, the average investment trust discount hit 16.9%, the widest month-end disparity since […]
Investment trust show #4. Finding bargains, role of the board, Ruffer deep-dive and why the regulator is looking at private equity. Laith Khalaf talks to James Carthew from research group QuotedData about what the board should really be doing. https://www.ajbell.co.uk/podcasts/episode/money-markets/2024-05-06
Investment trust insider on growth capital funds – James Carthew: Growth capital funds like Chrysalis are bargains Last week, Federal Reserve chair Jerome Powell poured more cold water on the prospect of imminent interest rate cuts in the US but at least seemed to rule out new rate rises. Growth capital funds providing finance to […]
JENNIFER HILL for Citywire Wealth Manager, 2 May 2024: Private equity houses expanding into lending segments vacated by the banking sector following the global financial crisis have supercharged growth in private credit and given investors greater access to an increasingly diverse opportunity set. Private credit is now the second largest private market strategy […]
By Emma Wallis, News editor, Trustnet, 01 May 2024: Income-seeking investors can find rich pickings amongst the investment trust sector, with many trusts offering yields above government bonds plus the prospect of capital gains and an extra kicker if discounts narrow. Wealth manager Stifel found that 32 trusts investing primarily in equities have a yield […]
James Carthew for Investment Week, 30 April 2024: The investment companies sector was riding high – the median fund was trading on a 5.8% discount to net asset value (this figure was 14.5% at the end of March 2024), and including SONG there were 22 new issues that raised £3.6bn in 2018. The last IPO […]
by Kyle Caldwell from interactive investor, 30th April 2024: For income-seeking investors, the ideal scenario is to find a fund with a high yield that delivers inflation-beating dividend growth and produces positive total returns (capital growth and income returns combined). However, ticking all three boxes is hard to consistently achieve, which is reflected in research […]
Investment trust insider on tech trusts – James Carthew: Two tech trusts you should hold for the AI revolution One of the weirder things about the investment companies market is that some of its most successful funds are trading at significant discounts. I could point to all sorts of examples but the one I want […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 25 April 2024: Fundsmith Equity and Scottish Mortgage rank high on investors’ buy lists due to their impressive performance over the past decade. As a result, fans of the two global large-cap portfolios might also be interested in their small-cap siblings, Smithson and Edinburgh Worldwide. In theory, small-caps should outperform […]
