Tom Aylott, Portfolio Adviser, 29 May 2025: Supermarket Income REIT has announced plans to move from a closed-ended investment fund to equity shares as a commercial company. The decision comes after the trust internalised its management function earlier this year, which could save the company £4m a year in operating costs. In a stockmarket announcement, […]
James Crux, Shares Magazine, Thursday 29 May 2025: Discounts to the value of assets held, and more rarely premiums, are par for the course when it comes to investment trusts. These are best understood as the gap between the share price and the net asset value (NAV). For example, a trust with 100p of assets […]
Tom Aylott, Portfolio Adviser, 28 May 2025: Shin Nippon investment trust manager Praveen Kumar has left Baillie Gifford following an internal review. He managed the £313m Japanese smaller companies trust since 2015, which has gone through a bout of poor performance since 2020. Returns are down 36.4% over the past five years […]
James Carthew: Cost disclosure confusion stalls M&A activity M&A activity across the investment trust universe has been slow and piecemeal given the potential bargains on offer. One of the weirdest things about the investment companies market currently is the lack of read across from M&A activity in the sector to similar trusts. For example, two […]
This ‘marmite’ trust is too attractively priced to ignore Battery energy storage may be blighting Britain’s countryside, but it’s a buy for Questor As more and more energy generation is derived from renewable sources, it is important to match that with additional energy storage capacity, which can absorb excess power on sunny and windy days, […]
By Matteo Anelli, Senior reporter, Trustnet, 23 May 2025: After a bruising few years, small-cap investing is out of favour but not out of opportunities. In the UK, some of the best-known small-cap names have struggled, including abrdn UK Smaller Companies, Liontrust UK Smaller Companies and IFSL Marlborough UK Micro-Cap Growth. It’s no coincidence, however, […]
Investment trust Polar Capital Global Financials Trust (PCFT) is offering shareholders an easy exit at a premium to the current share price, cutting fees and boosting its commitment to future dividends in sweeping changes. The investment trust has launched a tender offer of its issued share capital (excluding treasury shares), providing investors with an opportunity […]
James Carthew: Give this financials trust another five years (at least) The Polar Capital Global Financials investment trust is revving up for its latest unlimited tender offer. Last November, when I wrote a few articles speculating on the impact of a Trump presidency, one focused on the outlook for the financials sector. As Polar Capital […]
by Val Cipriani, Investors Chronicle, May 15, 2025: Shares in trusts investing in Asian markets jumped earlier this week on the news that the US and China have agreed to a 90-day pause in their tariff war – but much uncertainty remains and investors should expect a rocky ride. China-focused investment trusts have been the […]
James Carthew: Two Japanese trusts that will thrive regardless of Trump’s tariffs Fresh from a recent trip to Japan, our columnist highlights two trusts that have generated attractive returns, even when faced with a lacklustre economy. I recently returned from a great holiday exploring Japan. Of course, you can only get a superficial impression of […]
