by Sam Benstead from interactive investor, 7th July 2023: An outside investor has purchased struggling real estate investment trust (REIT) Civitas Social Housing at a large discount, stripping investors of about 25% of the value of the business. The CSH board accepted Hong Kong-based CKA Group’s 80p a share, £485 million cash offer, which values […]
by Sam Benstead from interactive investor, 5 July 2023: When it comes to sales, there has only been one winner in the active versus passive fund battle over the past decade, with the latter cleaning up. In 2007, before the financial crisis struck, the amount held in tracker funds was a mere £29 billion, which […]
By Tom Aylott, Reporter, Trustnet, 03 July 2023: These four trusts could be held as a core holding by any investor, regardless of risk appetite or time horizon, according to fund pickers. Many funds cater to investors with specific goals, but some strategies appeal to those of all time horizons. For example, low-risk trusts typically […]
JEN HILL, JAMIE COLVIN, Citywire Investment Trust Insider, 30 June 2023: Large shareholders have pushed through the knockdown sale of real estate investment trust Civitas Social Housing (CSH) to a Hong Kong asset management group, which effectively robs investors of up to £175m of value. In May, the board agreed and recommended an 80p-per-share offer […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 28 June 2023: The Tokyo Stock Exchange (TSE) fired a warning shot in late March to firms with a low price-to-book ratio, announcing that they will have to disclose their policies and specific initiatives for improvement, while non-compliers will be named and shamed. A price-to-book ratio below 1x has been […]
by Kyle Caldwell from interactive investor, 27 June 2023: Research for interactive investor examined whether 19 investment trusts have beaten inflation over the past five years in terms of dividend growth, share price and net asset value (NAV) returns. The minimum aim of every investor should be to ensure that over the long term the […]
BY JEN HILL, Citywire Investment Trust Insider, 27 June 2023: Efforts to enhance the profitability of portfolio companies of the embattled growth capital fund Chrysalis (CHRY) appear to be paying off. Around 84% of the portfolio is now profitable or expected to be funded to profitability, double the 42% in March last year. The manager […]
Valeria Martinez, Investment Week, 27 June 2023: Shareholders of the Chrysalis investment trust will be able to take part in a continuation vote by April 2024, with options including a potential managed exit on the table, as its five-year IPO anniversary approaches. In the trust’s interim results published today (27 June), chair Andrew Haining said […]
By Tom Aylott, Reporter, Trustnet, 27 June 2023: The Scottish Mortgage Investment Trust made some of the industry’s biggest returns by investing in high-growth assets over the past decade, yet volatile market conditions have halved its share price from its peak in November 2021. It is the best performing trust in the IT Global sector […]
By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 25 June 2023: As storm clouds brew over the economy, it is hard at first to spy a silver lining. Interest rates were hiked to a 15-year high of five per cent by the Bank of England on Thursday, piling further pressure on millions of mortgage holders and […]
