by Val Cipriani, Investors Chronicle, January 16, 2024: Infrastructure trusts are facing a “complex and time-consuming” process of handing back assets to the government, as a number of the projects they invest in approach their expiry date. Some trusts also have the added difficulty of replacing assets built through public private partnerships (PPP) and could […]
By ANNE ASHWORTH, Daily Mail, 13 January 2024: Until late last year, the billionaire US activist investor Bill Ackman was almost unknown outside Wall Street and the City, despite a series of corporate battles. But his fame has now spread worldwide in the wake of his successful free-speech campaign to unseat the president of his […]
Investment trust insider on AI – James Carthew: Tech trusts transform their returns with big AI bets Ignoring a couple of oddities, the best-performing investment company last year in terms of underlying growth in net asset value (NAV) was Manchester & London (MNL), which generated a return of 57%. A narrowing discount meant that shareholders […]
by Dave Baxter, Investors Chronicle, January 11, 2024: By now investors will be familiar with the trials and tribulations of Baillie Gifford’s flagship investment trusts. Scottish Mortgage (SMT) shareholders might feel like they have seen it all – from the enormous gains of the lockdown era to the eye-watering losses, board spats and doubts over […]
by Kyle Caldwell from interactive investor, 11th January 2024: There are various ways to improve the odds of investment success, including having a diversified portfolio, investing over the long term, and rebalancing a couple of times a year. Another one is to keep a close eye on valuations and seek out undervalued areas of the […]
Tom Aylott, PORTFOLIO ADVISER, 10 JANUARY 2024: The Abrdn Diversified Income and Growth trust will return approximately £115m to shareholders in the first half of the year as part of its wind-down process. Its directors launched a review into the trust’s persistent and entrenched discount in June last year, concluding that a wind-down was in […]
Investment trust insider on the deal flurry at the end of 2023 – James Carthew: Deals flurry shows trust recovery has just begun Merger talks and proposals to liberate capital for share buybacks and investments are clear signs investment companies are pulling away from last year’s bear market. The so-called ‘Santa rally’ over November and […]
by Dave Baxter, Investors’ Chronicle, January 3, 2024: Even the last working day before Christmas was far from short of investment trust news. The board of Octopus Renewables Infrastructure (ORIT) announced an intention to merge with its peer Aquila European Renewables (AERI) on the morning of 22 December… The plan has received a lukewarm response […]
by Jennifer Hill from interactive investor, 28th December 2023: Risk-off sentiment has pushed investment trust discounts to historically wide levels and many boards have been proactively trying to address the issue. This year will be a record for share buybacks with almost £3.5 billion of investment trust share buybacks in the first 11 months, data […]
Christian Mayes, Portfolio Adviser, 2 JANUARY 2024: Octopus Renewables Infrastructure (ORIT) is exploring a possible merger with the £257m Aquila European Renewables trust (AERI). In a stock exchange announcement last month (22 December), the Octopus board proposed a combination which would create a £1.6bn renewable energy portfolio… In a separate stock exchange announcement, AERI’s board […]
