Matthew Read, for Investment Week, 4 August 2023: The outlook for the UK equity market feels particularly depressed and it is not hard to see why. Even after June’s better-than-expected inflation figures, core UK inflation remains high, which suggests higher interest rates for longer. Commentators are expecting that the base rate, which at 5.25% is […]
by Sam Benstead from interactive investor, 2nd August 2023: Wide investment trust discounts are making them appealing takeover targets, with rumoured or confirmed deals likely to lead to sudden share price jumps… Discounts have widened due to negative sentiment about the economy, and therefore private company valuations, but also due to the impact of higher […]
James Carthew: Need to cut charges lies behind Abrdn and trust changes The pace of change within the investment company sector appears to be accelerating. Just in the last few weeks we have seen Asset Value Investors win the mandate to run MIGO Opportunities (MIGO), though likely with the same management team as before, which […]
By Matteo Anelli, Reporter, Trustnet, 31 July 2023: Fidelity has suspended new investments into RIT Capital Partners, one of the largest and most popular trusts in the IT Flexible Investment sector. The move feels like a follow-up to what happened in January 2023 to abrdn Private Equity Opportunities, which was also suspended from the platform […]
By ROSIE MURRAY-WEST, Mail on Sunday, 30 July 2023: Investors in British companies have had a tough time this year. They have endured a rollercoaster ride of stomach-lurching rises and falls if they invested in the FTSE 100 list of the UK’s 100 largest companies – and all they would have to show for it […]
by Faith Glasgow from interactive investor 24th July 2023: The four venerable multi-asset trusts with a well-deserved reputation for capital preservation have suffered significant losses so far in 2023. Why? This year has been a terrible one for investment trusts focused on wealth preservation to try and do their job. In the face of a […]
Alex Sebastian, Portfolio Adviser, 24 JULY 2023: Abrdn has proposed folding the New Dawn investment trust into Asia Dragon. If the move is approved it would create a £700m Asian equities focused entity. The pair have a similar remit and a significant commonality of equities holdings. A merger could create efficiencies within the running of […]
David Brenchley, The Times, July 22 2023: Cheap private equity investment trusts can be lucrative pension investments – but you need to pick the best and back them for the long-term. Private equity funds have been in the spotlight since the chancellor, Jeremy Hunt, got nine of Britain’s biggest pension firms to agree to pump […]
Valeria Martinez, Investment Week, 21 July 2023: The UK property market is going through a “recalibration” during the higher interest rate environment, but experts told Investment Week this may represent a buying opportunity, thanks to “attractive” valuations. Simon Marx, head of research at Lothbury Investment Management, said the UK real estate market was at a […]
Gavin Lumsden, Citywire Investment Trust Insider, 21 July 2023: The tide of corporate actions sweeping the investment trust world has reached the Asia Pacific sector with Abrdn New Dawn (ABD) agreeing to merge with stablemate Asia Dragon (DGN). If approved by shareholders, the scheme of reconstruction of New Dawn and transfer of assets to Asia […]
