Funds and investment trusts: how small is too small? by Kyle Caldwell from interactive investor | 10th February 2021 10:59 There are thousands of funds and around 400 investment trusts for investors to pick from – is there ever an argument for going against the crowd and investing in the tiddlers?… Small can be a virtue Smaller funds are nimbler […]
When it is worth paying a premium for an investment trust by Jennifer Hill from interactive investor | 10th February 2021 10:06 Positive news on Covid-19 vaccines led to investment trusts re-rating considerably during 2020. The average discount among equity investment trusts narrowed from 4.6% to 2.5% – the tightest level on record – according to Numis Securities. Discounts widened […]
Update: ACG maintains Gabelli Value Plus+ liquidation would be ‘short-sighted’ Lauren Mason, Investment week, 8 February 2021 The GVP board announced on Monday (8 February) morning it would convene a general meeting in July, followed by a special resolution, to place the vehicle into members’ voluntary liquidation. The board said ACG, the trust’s largest shareholder […]
Investment trust insider on Round Hill Music – James Carthew: RHM beats SONG on royalties disclosure The new year’s initial public offer (IPO) market has got off to a roaring start. We already have our first successful new issue, in the form of VH Global Sustainable Energy Opportunities (GSEO). The now 17 investment companies in the […]
Investment trust insider on European Opportunities – James Carthew: Why I’m giving Darwall benefit of the doubt A lot has happened to European Opportunities (JEO) since I last wrote about it in October 2019. Back in 2019, I questioned the wisdom of the size of its holding in Wirecard. This was well-founded as it turned […]
Make a shed-load of money the REIT way: Warehouses could deliver the goods in your portfolio By ANNE ASHWORTH FOR THE DAILY MAIL PUBLISHED: 21:53, 29 January 2021 | UPDATED: 09:02, 30 January 2021 The re-ordering of the retail hierarchy continues. Boohoo, the online fast fashion business, is to acquire Debenhams, and perhaps also Burton, Dorothy Perkins and Wallis, while Asos – the […]
Ship shape and ready to float? IPO market picks up but headwinds remain for small launches Larger vehicles in better stead David Brenchley, Investment Week, 26 January 2021 The 21 months to end-September had been quiet for new issuance from investment companies, with 2019 the lowest annual total (£1.4bn) raised through IPOs since 2016, and […]
Investment trust insider on RM Secured Direct Lending – James Carthew: A debt fund that passed the Covid test It is some time since I took a look at RM Secured Direct Lending (RMDL), but recently I managed to catch up with its manager James Robson. It is safe to say that the debt sectors have […]
Brevan Howard demands fee increase on BH Macro – but has it shot itself in the foot? David Brenchley, Investment Week, 25 January 2021 BH Macro, alongside its sister fund BH Global, published a letter from investment manager Brevan Howard, who said they wanted the fee structure reset to 2%/20%, reversing concessions previously agreed in […]
Is America’s bubble about to burst – or can you cash in on a BIDEN BOUNCE as Democrat takes the reins By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 23 January 2021 | UPDATED: 10:38, 24 January 2021 In the last few days, the world’s eyes have been on the United States as the presidency has transferred from Donald […]
