By Dave Baxter, Investors’ Chronicle, November 17, 2022: Investment trusts typically demonstrate their strength in a crisis. Closed-ended equity income funds shrugged off the dividend cuts of 2020 thanks to revenue reserves, while trusts’ investment framework means they have encountered none of the liquidity problems demonstrated so clearly by the Neil Woodford scandal. That structure, […]
By Dave Baxter, Investors’ Chronicle, November 17, 2022: Is the cure worse than the disease? Some might feel that way about central banks raising interest rates to tackle inflation: a sharp increase in the cost of borrowing has already caused pain in various parts of the UK economy, from a fixed income sell-off to the […]
Investment trust insider on Majedie – James Carthew: Majedie’s RCP-style rejig shows promise Majedie Investments (MAJE) has had another rethink about its strategic direction and now proposes to appoint a new fund manager and adopt an investment approach that targets returns of inflation (UK CPI) plus 4% per annum averaged over five years. The £95m […]
Eve Maddock-Jones, Investment Week, 15 November 2022: Retail investors in JP Morgan Russian Securities trust are preparing to vote against a proposal to expand the investment universe, on the grounds that it devalues their investment and goes against what they signed up for. The board of JRS announced last month (27 October) that it wanted […]
Investment trust insider on Mobius Investment Trust – James Carthew: Award-winning Mobius takes cautious approach to emerging markets One of the many deserving winners of Citywire’s Investment Trust Awards last week was Mobius (MMIT). True, it has given back about 17.5% of its net asset value over the past 12 months, but its track record […]
By ANGHARAD CARRICK FOR THIS IS MONEY, 3 November 2022: As some savings rates near 5 per cent more potential investors might be tempted to park their cash there instead of in the stock market. But with inflation continuing to run hot, there is good reason to consider adding dividend-paying investments in your portfolio, as […]
By Tom Aylott, Reporter Trustnet, 2 November 2022: Many trusts have been struck by soaring inflation and tightening monetary policies this year, but those investing in European equities have been particularly battered. The war in Ukraine and lost gas imports from Russia have compounded to create a challenging market environment for European investors. As a […]
by Faith Glasgow, from interactive investor, 31st October 2022: This year’s market turbulence, culminating in the vigorous response to the previous chancellor’s mini-budget in September, has hit investment trusts painfully. The FTSE All Share Closed End Investment index is down around 20% year-to- date, compared with the FTSE All-Share, which has lost around 10%. According […]
Investment trust insider on significant discounts – James Carthew: Trusts like Scottish Mortgage could do more to narrow discounts The widening of share price discounts across much of the investment company sector is costing investors dearly. For example, Scottish Mortgage’s (SMT) 13% discount represents a £1.6bn gap between the value being placed on the company […]
Eve Maddock-Jones, Investment Week, 27 October 2022: The proposal by the JPMorgan Russian Securities trust to expand its investment universe outside of Russia “makes sense” according to various experts, but whether or not shareholders will get on side with the idea is uncertain. Just over eight months since Russia invaded Ukraine and global economic sanctions […]
