Trustnet Magazine, Trustnet Team, 21 March 2022: This trust offers an attractive yield while shielding investors from the excesses of the stock market More cautious investors may not feel comfortable relying on equities for their income, particularly given the multiple crises that have hit stock markets in the past few years. A multi-asset strategy may […]
Investment trust insider on Schiehallion – James Carthew: What to look out for in expensive Schiehallion’s annual results Baillie Gifford’s Schiehallion Fund (MNTN) is approaching the third anniversary of its listing. It should also be about to publish its results for the 12 months ended 31 January. There are a few things to look out […]
Cherry Reynard, Portfolio Adviser, 15 Mar 22: A recent eye-popping payout for the managers of the Chrysalis Investment trust has revived a dormant debate on performance fees. Ostensibly a tool to align the fund manager’s interests with those of its clients, they have become increasingly controversial, with poor construction appearing to skew incentives. Yet around […]
Investment trust insider talks to Foresight’s Bernard Fairman – James Carthew: Investors, UK show lack of energy foresight Last week I talked to Bernard Fairman, one of the two co-founders of fund manager Foresight Group (FSG). With two renewable energy funds – Foresight Solar Fund (FSFL) and JLEN Environmental Assets (JLEN) – and the newly […]
Kathleen Gallagher, Investment Week, 10 March 2022: Since Russia invaded Ukraine on 24 February, investment trusts have, unsurprisingly, seen big moves in their discounts and premiums, this is leading to some trusts looking expensive and others starting to look more appealing. The figures from the Association of Investment Companies and Morningstar excluded those with large […]
Kathleen Gallagher, Investment Week, 09 March 2022: The £69.6m JP Morgan Russian Securities (JRS) trust share price rose 105% on Wednesday (9 March) morning, before retreating slightly and ending up 58.5% up by noon. Analysts dismissed the move, with Matthew Read, senior analyst at QuotedData, calling it “nonsensical”. “The Moscow Stock Exchange remains closed and […]
Kristen McGachey, Portfolio Adviser, 9 Mar 22: The board of Jupiter Emerging & Frontier Income (JEFI) is proposing to pull the plug on the investment trust, as the crisis in Ukraine puts a damper on its future growth prospects. In a stock exchange announcement on Tuesday, the board concluded it would be in shareholders’ best […]
Kathleen Gallagher, Investment Week, 09 March 2022: The board of the £66.1m Jupiter Emerging and Frontier Income investment trust (JEFI) is planning to put forward proposals for the liquidation of the company. In a stock exchange announcement yesterday afternoon (8 March) the company said that the board is “conscious of the current size of the […]
Trustnet Magazine, February 2022: This tech-focused trust is something of an anomaly in that it has close to half its portfolio in UK stocks. Increases in inflation and interest rates have turned investors away from tech-focused portfolios such as the Herald Investment Trust over the past year. Yet while technology stocks still have a bumpy […]
Kyle Caldwell from interactive investor 7th March 2022: At the AGM, which took place on Friday, shareholders overwhelmingly voted for the investment trust to continue (99.4%), with two-thirds of shareholders voting. The board had recommended that shareholders vote in favour of continuing. The vote was not prompted by Russia’s invasion of Ukraine. Instead, the company […]
