Update: Fears of a stock market upset after the Democrats’ stunning victory in the US midterm elections last night evaporated as European markets rallied on the back of a weaker dollar which pushed up gold and precious metals miners. The UK’s FTSE 100 recovered from an early fall to rally 1.25%, or 133 points, at […]
M&G Credit Income (MGCI) has shunned buying into the US hyperscaler borrowing binge to fund the rollout of artificial intelligence (AI) as fund manager Adam English maintains his defensive posture amid a darkening economic outlook stemming from the US-Iran conflict. In the loan and bond fund’s third quarter update English said: “The company has not […]
Retail ETF trading on UK exchanges has almost tripled in 2026, according to new research from market data specialist xyt, highlighting the growing importance of individual investors to Europe’s exchange-traded fund industry. The average daily value of ETFs traded through UK retail channels increased from €105m in the first nine months of 2025 to €296m […]
Foresight Solar (FSFL) is assessing two consultations issued by the government since last week’s budget. These are on the proposed wholesale contract for difference (WCfD) scheme to allow low-carbon generators like FSFL to exchange variable wholesale power revenues for a fixed strike price. The budget-day document was followed yesterday by a consultation on replacing tradeable […]
Hg, the manager of HgCapital (HGT), the software-focused private equity fund hit by the “SaaSpocalypse” in February, has set up an AI transformation business with Anthropic as it strives to ensure its companies end up as winners from artificial intelligence. Extending collaboration they began in early 2024, Hg and the AI lab have agreed to […]
Shareholders in International Biotechnology Trust (IBT) can look forward to a 50% rise in this year’s dividends after an outstanding 12 months of performance. Including its semi-annual dividends, IBT delivered a total return to shareholders of 73.6% in the year to 31 August, smashing the 52.3% from the Nasdaq Biotechnology index, the fifth year in […]
BlackRock Greater Europe (BRGE) is to ramp up dividends, change its name and cut costs as the £488m investment trust strives to pull out of a five-year slump with the help of Benjamin Moore, the lead fund manager appointed earlier this year. The company will also offer a 25% exit in five years’ time with investors able […]
Amundi has launched a new global equity ETF charging just 0.09% annually, despite already offering a fund tracking the same index at five times the price. The Amundi Core MSCI ACWI Swap UCITS ETF (ACW1/WIDE) began trading on the London Stock Exchange on 29 October, with sterling and US dollar trading lines. It tracks the […]
Supermarket Income (SUPR) has launched its second share offer of this year, aiming to raise £50m from a placing to institutions and an offer to retail investors. The £1.1bn company, which owns a £2.2bn portfolio of 140 stores in the UK and France, has six transactions involving 12 assets in its sights. These will cost […]
Shares in Gresham House Energy Storage (GRID) jumped over 6% today after the £540m battery fund unexpectedly put itself up for sale, whilst at the same time saying it would continue to “pursue” its growth plan. Just six weeks after formally rejecting a call from activist investor PrimeStone Capital to sell up and claiming a […]
Chrysalis (CHRY) has dismissed the relevance of a cut-price share sale by former Starling bank boss Anne Boden, adding £47.9m to the valuation of the digital challenger that now accounts for nearly two thirds of the portfolio in wind-down. Last month Sky News and the Sunday Times said that Starling founder Boden, who left the […]
JPMorgan American (JAM) co-portfolio manager Graham Spence will leave JPMorgan Asset Management in the first quarter of next year to pursue a new opportunity, having only joined the £1.9bn investment trust’s team in March last year. JAM’s large-cap value portfolio will continue to be run by Jack Caffrey, who has 24 years’ experience, and its […]
Golden Prospect Precious Metals (GPM) has been through quite a transformation over the past few months. What began with the unexpected resignation of the former portfolio managers has developed into an effective relaunch of the investment company, with a new management team, a more attractive fee structure, a substantially enhanced dividend policy and a move […]
Neuberger Private Equity Partners (NBPE), the £562m co-investor in unquoted companies, has announced $146.5m (£109m) of disposals just over two weeks after activist Saba Capital disclosed a 5% stake in its heavily discounted shares. Three full and two partial sales of investments in September and October generated proceeds of $81m, 7% below their valuation at […]
In March 2025, we wrote about Japan’s corporate governance transformation through the lens of Katsushika Hokusai’s The Great Wave off Kanagawa. The metaphor felt appropriate. A powerful wave of change was breaking over Japan’s corporate landscape, driven by regulatory reform, pressure from investors and a growing recognition among companies themselves that capital could no longer […]
Golden Prospect Precious Metals (GPM), the £76m mining fund where Baker Steel fund managers Mark Burridge and Trevor Steel took charge this month, has reminded shareholders of their annual right to subscribe for one new share for every five they own at 30 November. This year the price of the new shares is 101.35p. The […]
Four Global X covered-call exchange-traded funds (ETFs) go ex-dividend today (29 October 2026). The funds show why strategies with large cash distributions are becoming more popular, and why investors need to tell income apart from total return. The latest monthly distributions, announced on 22 October and payable on 6 November, are: ETF Ticker Distribution per […]
City Natural Resources Growth & Income (CYN) has published a stunning annual return of 87% with its fund managers upbeat about prospects after reuniting with the £156m investment trust after a six-month absence. Keith Watson and Robert Crayfourd’s defection from CQS Manulife in March and their arrival at Tufton in September prompted the trust to […]
Oakley Capital Investments (OCI) is to sell £272m (€313m) of stakes in five Oakley Capital private equity funds while its fund manager is in early talks to sell Phenna, the UK testing group that accounts for 13% of the investment company’s assets. The sale of interests in Oakley Capital Funds IV, V, VI, Oakley Capital […]
New Star International (NSI), the £99m investment trust whose majority 59% shareholder is John Duffield, has made a £340,000 capital gains tax (CGT) provision after losing its investment trust status for two years. The company, which the former New Star Asset Management boss Duffield founded in 2000 to look after his family’s wealth, said it […]
Cordiant Digital Infrastructure (CORD) has announced plans to change its name to Corilis Digital Infrastructure, but for investors mulling over which investment company to vote for in QuotedData’s annual awards, there was bigger news earlier this month. Emitel, the Polish broadcasting and telecoms platform that is CORD’s largest business at 46% of net asset value […]
The government announced a flurry of ISA initiatives which, while doing nothing to simplify the rules around individual savings accounts, allowed the chancellor to claim he was helping savers. In a u-turn that frustrated some ISA providers that had prepared for a cut in the cash ISA allowance announced by his predecessor Rachel Reeves a […]
The Office for Budget Responsibility (OBR) has given the chancellor his own “breathing space” after forecasting that his budget will be in surplus by £15bn by 2029-30. In his first budget speech, chancellor John Healey announced a string of measures to help those struggling with the costs of living, including a £100 payment for 20m […]
JPMorgan Emerging Markets Dividend Income (JEMI) has made a good start to its five-year performance review, delivering a 38% investment return in the year to 31 July. This beat the 34.2% return from the MSCI Emerging Markets index and is just the outperformance the £510m trust needs to achieve to avoid holding a 25% tender […]
Baillie Gifford Japan (BGFD), the worst performer in its sector over one, three, five and ten years, has introduced a conditional tender offer, offering shareholders a 25% exit in three years’ time if performance does not improve. Up to a quarter of shares in the £688m investment trust will be eligible for repurchase at a […]
VinaCapital Vietnam Opportunity Fund (VOF) has followed rival Vietnam Enterprise (VEIL) in buying Vingroup (VIC), the country’s largest conglomerate whose “national champion” status has made it a red-hot favourite with Vietnamese investors. Having baulked at Vingroup’s valuation and leveraged exposure to its fledgling electric vehicle business, fund manager Khanh Vu was caught out when its […]
Grit Real Estate Income Group (GR1T), the pan-African property fund whose shares have been suspended since April, is considering delisting after disclosing two offers to sell all its real estate assets. The £32m company, which floated in 2018, said it had accepted a conditional binding offer for the disposal of its interests in GREA and […]
Literacy Capital (BOOK) has confirmed a 4.7% third quarter fall in assets after its shock exit and loss of most of its £24.4m position in flexible officer provider Cubo Work this month. The £22.4m write-down following the discovery of “several issues” at Cubo cut the UK private equity fund’s net asset value (NAV) to £271.1m […]
Foresight Environmental Infrastructure (FGEN) has sold its remaining 49% stake in six anaerobic digestion facilities to 3i Infrastructure (3IN) backed Future Biogas for £104m. This follows the sale of a 51% stake to Guildford-based Future Biogas for £68.1m in August 2024. Future Gas was the developer, operator and strategic partner for the AD portfolio which […]
Canaccord has launched the Quest Global Equity Cashflow Compounder Units ETF, using the Canadian investment bank’s proprietary analytics tool to assess the best 30 of 20,000 global equities. Quest, a quantitative screen first developed in the 1990s by Collins Stewart under its then chief executive Terry Smith, uses a cashflow return on assets approach to […]
