By Jean-Baptiste Andrieux, Reporter, Trustnet, 19 July 2023: Despite the majority of investment trusts looking cheap, some expensive options are still worth buying, according to experts. Data from Numis Securities shows only 22 close-ended funds are trading on a premium or 6.5% of the Association of Investment Companies (AIC)’s universe. This is less than half […]
by Jennifer Hill from interactive investor, 17th July 2023: Wealth preservation investment trusts are popular with DIY investors and for good reason, but a range of other defensive strategies are worthy of consideration, finds Jennifer Hill. The gathering of storm clouds tends to have investors running for cover but with sudden swings in the investment […]
By ANNE ASHWORTH, Daily Mail, 15 July 2023: When in a clothing store, the reduced rail is always my first destination. But my enthusiasm for a bargain is tempered by scepticism. The items may cost less, but they must also be the pieces my wardrobe needs, rather than impulse purchases. The same considerations apply when […]
James Carthew: Why Rockwood is rocking the UK small-cap sector Last week I relayed the view of Miton UK Microcap (MINI) fund manager Gervais Williams on the undervaluation of the UK smaller company market, and especially that of the very smallest listed companies. Following this, I caught up with Richard Staveley, manager of Rockwood Strategic […]
By Dave Baxter, Investors Chronicle, July 12, 2023: Few funds made it through 2022 unscathed, and even those with an explicitly defensive profile took a hit. A combination of problems, including a painful government bond sell-off, ultimately took its toll on most of the so-called wealth preservation investment trusts, although most of them fared better […]
BY JEN HILL, Citywire Investment Trust Insider, 13 July 2023: Whatever investors have been doing this year, they haven’t been buying wealth preservation fund Ruffer Investment Company (RICA). But is that exactly what they should be doing? Last week we flagged the slump in its shares in the latest Trust Watch and this week the […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 13 July 2023: Edinburgh-based investment firm Baillie Gifford had a dreadful time in 2022, with none of its 49 funds and trusts making a positive return. Baillie Gifford’s funds rose to prominence and were popular among investors as their strong tilt towards growth blossomed the low interest rate environment of […]
By Tom Aylott, Reporter, Trustnet, 10 July 2023: Investors in the Mid Wynd International Investment Trust should take a wait-and-see approach to the new managers selected by the board, according to experts. It announced in June that Lazard would be taking over from Artemis as manager of the £428m portfolio – a move that may […]
James Carthew: Smithson and GSCT look sensible options Smaller companies are out of favour as nervous investors prefer liquid mega caps (especially those with an AI angle, however tenuous). Nevertheless, in the global smaller companies sector, both Smithson (SSON) and Global Smaller Companies Trust (GSCT) have managed to make positive net asset value (NAV) progress […]
James Carthew: When the small-cap recovery comes it could be big The outlook for the UK equity market feels gloomier than ever. Headlines about rising core inflation, mortgage rates, government borrowing costs, and predicted interest rates reinforce the message that much more pain will be inflicted on British companies and consumers over the next year […]
