James Carthew comments on Indian equities in Helen Kirrane’s article: “The previous story was that Indian equities had become very expensive and then there was a long period where nothing really happened, and I think that we are maybe starting to come through the other side of that,” Read the article here
Matthew Read comments on NESF’s sale move in Michael Nelson’s article: “There is no guarantee that NESF will attract a bid at an acceptable price, but NESF’s board finds itself in a difficult position and testing the market looks sensible although, like BSIF, we would be sorry to see NESF go.” Read the article here
James Carthew: Baker Steel is 2026’s unexpected winner The concentrated mining fund outperformed all other trusts in the first half of the year with a 65% share price return. The AI theme dominated among the best-performing investment trusts over the first half of the year. There were the obvious tech names driving returns such as […]
Matthew Read comments on the tender result in Robin Amos’ article: “This has been one of the investment company sector’s great long-term success stories and, under Katie Potts, it offers a genuinely differentiated exposure to smaller quoted technology companies that is hard to replicate elsewhere. With around £650m of net assets remaining, the trust still […]
James Carthew: Why are Vietnam trusts floundering whilst the economy booms? The three specialist Vietnam trusts have delivered lacklustre returns despite the country’s soaring economy. The Vietnamese economy has been offering some exciting growth opportunities, but the five-year returns on the three specialist investment companies – Vietnam Enterprise (VEIL), VietNam Holding (VNH), and VinaCapital Vietnam […]
James Carthew comments on the acquisition of PINT’s portfolio company Intersect in Val Cipriani’s article, saying it is significant: “not just because of the profits realised, but because it provides evidence that Pantheon can actively recycle capital rather than simply wait for long-dated value to emerge”. Read the article here
James Carthew said in Val Cipriani’s article he suspected that before June, Baillie Gifford was holding Bending Spoons at $11bn: Read the article here
James Carthew: TR Property is primed for a real estate rebound Marcus Phayre-Mudge has been busy preparing the £976m property trust for an eventual recovery in the unloved sector. When Prologis’s bid for SEGRO (SGRO) was announced on the same day Schroder European Real Estate (SERE) proposed to wind down last week, my first thought […]
James Carthew comments on renewables in Val Cipriani’s article, noting that government subsidies for the sector have a fixed life, and will start expiring in about five years. This was always going to be the case – and is taken into account in the valuations – but to ensure their long-term viability, trusts need to use […]
James Carthew comments on Alex Wright and FSV in Helen Kirrane’s article: “Wright is just good at stockpicking. That’s really what is driving returns. He’s not afraid to take big bets against the index, and in time they come good.” Read the article here
