Valeria Martinez, Investment Week, 13 February 2024: The Financial Conduct Authority has opened an investigation into embattled trust Home REIT, more than a year since the suspension of its shares. In a stock exchange notice today (13 February), the Home REIT board said it had been notified by the regulator of its commencement of an […]
James Carthew: JAM or Pershing? Which is best to capture US growth? JPMorgan American was its sector’s best performer in 2023 with strong numbers following a revamp five years ago. However, Pershing Square’s record can’t be dismissed either. Within the North America sector, last year’s winner was JPMorgan American (JAM), which generated an underlying investment […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 06 February 2024: Scottish Mortgage seems to be back on investors’ radars, as they project central banks to start cutting rates at some point this year – boosting the growth-heavy portfolio… The Baillie Gifford’s flagship investment trust has struggled since central banks started their hiking cycle, but falling interest rates […]
By HARVEY DORSET, This is Money, 6 February 2024: Seraphim Space Investment Trust climbed to new heights in January, marking itself as the best performing investment trust of the month as its returns skyrocketed 49.4 per cent. The trust, which invests in early-stage space technology firms, reversed losses in the latter part of 2023, which […]
Investment trust insider on battery funds – James Carthew: Blame imbalanced National Grid for battery funds’ woes In recent weeks, the share prices of the three battery storage funds have nosedived, more than reversing the modest gains they had made since it started to become clear that interest rates had peaked last October. Gresham House […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 05 February 2024: Investors who bet on Scottish Mortgage Investment Trust 10 years ago have been richly rewarded, quadrupling their cash since 2014. This phenomenal return has made it the best performing portfolio of the past decade in the IT Global sector – a feat it achieved thanks to a […]
BY GAVIN LUMSDEN, Citywire Investment Trust Insider, 1 Feb 2024: Gresham House Energy Storage Fund (GRID) has scrapped its fourth quarter dividend, blaming grid connection delays and under-utilisation of battery balancing mechanism for falling UK revenues. In a fourth quarter update, the company also said the ‘continued excessive use’ of legacy gas-fired power stations was […]
Investment trust insider on JPMorgan Multi Asset – James Carthew: JPMorgan’s MATE was a good idea no one wanted Investment company merger proposals are still coming thick and fast. One of the latest is a proposed tie-up between JPMorgan Multi-Asset Growth and Income (MATE) and JPMorgan Global Growth and Income (JGGI). JGGI has become the […]
By Richard Williams, QuotedData, 29 January 2024: Being underweight the ‘Magnificent Seven’ would have made for a painful 2023. The seven US mega-cap technology stocks – Microsoft, Apple, Alphabet, Meta, Nvidia, Amazon, and Tesla – were collectively up 80% over the year, while the remaining 493 stocks that make up the S&P 500 index were […]
Investment trust insider on global trusts – James Carthew: Global funds can learn from Alliance Trust’s success Our columnist says he is increasingly convinced Alliance Trust makes a ‘core’ holding for investors after its prgamatic multi-manager revamp seven years ago. Last week I discussed how 2023’s markets were dominated by a ‘magnificent seven’ of mega-cap […]
