BY JAMIE COLVIN, Citywire Investment Trust Insider, 15 August 2023: Update: The row between ThomasLloyd Energy Impact (TLEI) and its fund manager has escalated with the board of the renewables fund saying it has been told by a whistleblower that Thomas Lloyd Global Asset Management knew about problems in its ‘Rums’ solar project a year […]
Alex Sebastian, Portfolio Adviser, 15 AUGUST 2023: A whistleblower has claimed the investment manager of the ThomasLloyd Energy Impact Trust withheld material information relating to the ‘RUMS’ solar project in India from its board. The project ran into trouble, leading to a sequence of events which caused the shares to be suspended. The specific claim […]
By Tom Aylott, Reporter, Trustnet, 15 August 2023: Investors seeking exposure to growth opportunities in the fast-growing Indian market are likely to have been underwhelmed by JPMorgan Indian’s poor performance over the past decade, but it could be taking a significant turn for the better. Returns were up 153.1% over the past 10 years, meaning […]
Valeria Martinez, Investment Week, 15 August 2023: TLEI’s shares have been suspended since 25 April due to uncertainty over the valuation of its ‘RUMS’ solar park construction project in India, in which 8% of the portfolio was invested. Image: TLEI’s shares have been suspended since 25 April due to uncertainty over the valuation of its […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 15 August 2023: Investment trusts on discounts offer opportunities for investors to gain exposure to assets at less than their book value. This may sound like an attractive bargain, but there is no guarantee that the gap between the share price and the net asset value per share will close. […]
Kyle Caldwell, interactive investor, 10 Aug 2023: This episode of On The Money is inspired by interactive investor readers requesting a closer look at investment trust discounts. Kyle is joined by James Carthew, co-founder and head of investment company research at QuotedData, to tackle the topic, including how to spot a good opportunity and how […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 10 August 2023: Scottish Mortgage and Edinburgh Worldwide belong to two different sectors but share a range of similarities. Besides being both run by Baillie Gifford, they invest with a global mandate, mix public and private equities and have highly concentrated portfolios. Moreover, they are both currently trading on a […]
By Val Cipriani, Investors Chronicle, August 8, 2023: Private equity trust valuations have broadly held up so far this year despite higher interest rates leading to pessimism and huge discounts across the sector. Private equity net asset values (NAVs) are published with a few months of delay, so most of the data currently available refers […]
Investment trust insider on debt loans and bond funds – James Carthew: Soft landing vs recession weighs on bond funds Last Thursday’s interest rate decision saw the Bank of England hike interest rates by 0.25 percentage points as expected. Afterwards, interest rate swap curves were suggesting that UK interest rates would peak at about 5.75% […]
by Faith Glasgow for interactive investor, 7th August 2023: Most major markets rose in July, as did hopes that a US recession can be averted, while better-than-expected inflation news provided a welcome fillip for interest-rate sensitive sectors of the investment trust world such as infrastructure and growth capital. Investment trust discounts have therefore tended to […]
