CQS Natural Resources Growth and Income has changed its name to City Natural Resources Growth and Income (CYN) as Keith Watson and Robert Crayfourd resume management of the £169m investment trust after their move from CQS Manulife to Tufton Investment Management. Chair Christopher Casey welcomed back the managers who have run the portfolio for 13 […]
After SpaceX exploded onto the public markets earlier this year, it paved the way for other blockbuster IPOs. Anthropic looks likely to be next, coming to market with a valuation of over $1 trillion. Stripe, Databricks, OpenAI and others are all waiting in the wings. For the investment trusts that have backed them, it is […]
Fidelity remains positive on emerging markets, with opportunities across technology, financials, commodities and infrastructure. The strategy focuses on selecting individual companies rather than making big country bets, while also using tools such as shorting to take advantage of weaker businesses. Overall, Fidelity believes emerging markets continue to offer attractive long-term growth opportunities. Below Chris Tennant […]
Schroders has listed two actively managed equity ETFs in London, offering investors exposure to European and Japanese companies with annual charges of 0.25%. The Schroder Europe Equity Active UCITS ETF and Schroder Japan Equity Active UCITS ETF began trading on the London Stock Exchange on 9 September, following their initial listings on Xetra on 2 […]
Saba Capital has responded to Gore Street Energy Storage Fund (GSF) after its board blamed uncertainty created by the activist investor’s proposals for disrupting the sale of its German battery storage asset. Yesterday, GSF revealed that the preferred bidder for its 22MW Cremzow asset had sought to reduce its offer when negotiations were at an […]
Supermarket Income REIT (SUPR) has completed the deployment of the proceeds from its £100m July equity raise after acquiring six grocery properties for £104m. The acquisitions, combined with the £118m purchase of three supermarkets announced in July, take SUPR’s recent investment to £222m. The nine properties have been acquired at an average net initial yield […]
BlackRock Income and Growth (BRIG) has launched a strategic review and invited proposals for the future of the company, as its board looks to address the trust’s small size, limited liquidity and operating costs. The board said that, following consultation with manager BlackRock, it is seeking a “more sustainable and competitive future strategy” that will […]
Lindsell Train Investment Trust (LTI) has launched a tender offer for up to 20% of its shares at a 5% discount to NAV, as its board seeks to address the trust’s persistent share price discount to NAV following a prolonged period of underperformance. The tender will allow eligible shareholders to sell up to 20% of […]
RTW Biotech Opportunities (RTW) has invested a further $4.1m in private portfolio company Encoded Therapeutics as part of a $275m Series F financing. The proceeds will be used to advance Encoded’s lead gene therapy, ETX101, through pivotal and expansion studies in Dravet syndrome, as well as scale up manufacturing and progress its wider neurology pipeline. […]
JPMorgan Asset Management is asking investors to approve an overhaul of its emerging-market sovereign bond ETF, giving managers discretion over bond selection and access to a broader range of investments. A shareholder vote on the JPM USD Emerging Markets Sovereign Bond UCITS ETF is scheduled for 1 October. If approved, the changes would take effect […]
The best-performing Indian fund is also the cheapest – what is going on? Here is a table taken from our website on 10 September 2026 showing the four trusts that focus on investing in India ranked buy their one-year NAV returns. India Capital Growth (IGC) comes out on top over one year, second over three […]
Oakley Capital Investments (OCI) delivered a 6.0% total NAV return in the first half of 2026, with underlying earnings growth across its portfolio accounting for the bulk of the increase in value. NAV per share stood at 782p at 30 June 2026, with total NAV of £1.29bn. Excluding adverse currency movements, the NAV return was […]
Gore Street Energy Storage (GSF) is in the process of selling its 22MW operational energy storage asset in Cremzow, Germany. Multiple bidders had been whittled down to one and the process had reached an advanced stage, with a sale and purchase agreement in the final stages, but then the buyer tried to drop the price. […]
At AEW UK REIT’s AGM, there were big votes – around 20% – against the reelection of the directors. The board says “It is the company’s understanding that a significant proportion of these votes came from a single institution…. [and] that the votes were cast against potential participation in a corporate event.” In other words, […]
Murray Income’s results for the 12 months ended 30 June 2026 were not great – a NAV return of 15.1% compared to a benchmark return of 21.9%. However, since the appointment of Artemis as the manager in March 2026 and its rejig of the portfolio, the NAV and share price are up 9.1% and 11.5%, […]
Aquila European Renewables (AERI) says its end June NAV was €0.386, down from €0.567 at the end of December 2025. €0.1439 of that fall relates to the capital return to shareholders that was made earlier this year. There is no dividend for Q2 2026, partly because of problems getting cash out of AERI’s subsidiaries (see […]
Literacy Capital (BOOK) is moving to the main market with effect from 11 September 2026. To comply with the listing rules – which require that the chairman of the company is independent – Paul Pindar is stepping down as chair, but will stay on as a non-independent non-executive director. Dawn Marriott, who joined the board […]
Sam Morse, who has been managing Fidelity European since 2011, has said that he intends to retire next year. Ahead of that, Alexander Laing will work alongside Sam and existing co-manager Marcel Stötzel, to ensure a smooth transition. The trust’s half-year returns (covering the first six months of 2026) lagged its benchmark, returning 6.4% in […]
ARK funds dominated the active ETF monthly performance leaderboard for August, with ARK Genomic Revolution UCITS ETF returning 27.0% over the month, taking its rolling one year return to 98.0%. This monthly gain exceeded the 22.4% return from ARK Innovation UCITS ETF and the 9.8% rise in ARK Artificial Intelligence & Robotics UCITS ETF. Managed […]
Rights and Issues Investment Trust (RIII) is reviewing the future management of its portfolio after Jupiter Asset Management announced that the trust’s two investment managers, Matt Cable and Tim Service, will leave the firm in early 2027. The board of the £110m-plus UK smaller companies trust said on Monday that, in light of the changes, […]
Alternative Income REIT (AIRE) has agreed to extend the deadline for acceptances of Glenstone REIT’s cash offer after Glenstone indicated that it was close to satisfying the offer’s acceptance condition. However, AIRE’s board has stressed that this extension does not alter its view that the bid materially undervalues AIRE and is unanimously recommending that shareholders […]
August was a glittering month for mining investment companies as geopolitical turmoil and concerns about the “debasement” of the US dollar saw gold rally 10% while industrial metals continued to enjoy booming demand from the worldwide rollout of artificial intelligence and the transition to clean energy. As a result, four of the five biggest investment […]
Wednesday 23 September 2026, 11:00–12:30 (UK) Register now – Scottish Mortgage Digital Conference 2026 Join Scottish Mortgage for 90 minutes of portfolio insight and discussion on AI, China and the ideas shaping the next decade. Scottish Mortgage managers Tom Slater and Lawrence Burns will be joined by mathematician and broadcaster Professor Hannah Fry, Wharton Professor […]
September is normally a good month to be a student accommodation landlord. Students return to university, rents start flowing and halls fill up. Yet for Unite Group (UTG), one of the UK’s largest student accommodation providers, the start of the new academic year comes with a rather less welcome arrival: activist investor Saba Capital. Saba […]
Columbia Threadneedle has launched an actively managed emerging markets ETF in Europe. The CT QR Series Emerging Markets Equity Active UCITS ETF (QREM) was admitted to trading on the London Stock Exchange today (4 September) and is also listed on Deutsche Börse Xetra and SIX Swiss Exchange. It has a total expense ratio of 0.30%. […]
The UK National Wealth Fund’s decision to back Devon miner Tungsten West last month helped lift the net asset value of Baker Steel Resources Trust (BSRT) by over 17%, consolidating its position at the top of the buoyant AIC Commodities and Natural Resources sector. Tungsten West (TUN), a £646m tin and tungsten miner that is BSRT’s top […]
Schroder European Real Estate (SERE) shareholders yesterday approved the two-to-three-year wind-up of the £81m real estate investment trust announced in June. At a general meeting, 99.4% of votes on a 54% turnout backed an amendment to the company’s articles and a change to investment strategy so that its assets can be sold and capital returned […]
UK-listed property shares gave back some of July’s gains in August, with the average share price falling 2.2%. Only a handful of companies recorded gains, with the median return a more modest 1.3% decline. The headline average is distorted by a number of large corporate actions. Residential Secure Income (RESI) fell 70.5% during the month […]
Glenstone has seen support for its £56m cash bid for Alternative Income REIT (AIRE) rise to over 44%, improving its chance of securing control by tomorrow’s 1pm deadline. As of 6pm yesterday, on the 58th day of its its 70p per share offer, Glenstone said it had acceptances from over 35.7m AIRE shares, 44.4% of […]
CT Healthcare (CTHT), the former Bellevue Healthcare trust, saw reduced uptake for its second quarterly 15% tender offer since Columbia Threadneedle’s Kosta Kleyman began running the portfolio on 5 March. The £62.5m company, the smallest in its sector, said 8.4% of its shares were put up for sale last month and will be bought back […]
