Investment Companies News
Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).
Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).
Ecofin US Renewables Infrastructure Trust (RNEW) has provided a NAV update for the first quarter of 2024. Over these three months RNEW has reported a fall in the NAV per share, from $0.8521 at the end of December to $0.7937 at the end March. Total NAV fell from $117.7m to $109.6m. This fall was due […]
In QuotedData’s daily briefing 17 June 2024: BH Macro (BHMG) has announced an increased annual buyback allowance. Under the new agreement, the allowance for 2024 (which would have previously been capped at 5% of issuance for each currency of shares) has been increased by an amount equal to its unused allowance for the sterling shares […]
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: • abrdn New India (0:30) • Asia Energy Impact (7:23) This week’s interview was with Luciano Suana from Menhaden Capital Management – watch it again here.
QD view: The overlap between the portfolios of Baillie Gifford’s range of global investment trusts is limited, yet investors are treating them as quite narrow variations on a theme and this is throwing up opportunities for those able to appreciate the nuances within the range. It has undoubtedly been a difficult period for the Baillie […]
abrdn New India Investment Trust (ANII) has published its annual results for the year ended 31 March 2024, during which it provided NAV and share price total returns of 27.8% and 27.3% respectively, underperforming its MSCI India Index, which returned 34.4% (all in sterling in total return terms). This performance is a sharp turnaround from […]
JLEN Environmental Assets (JLEN) has announced that it has refinanced a three-year facilities agreement providing for a committed multicurrency revolving credit facility (RCF) of £200m. The facility has an uncommitted accordion facility of up to £30m and an uncommitted option to extend for a further year. Taken together, this provides an additional £30m of funding […]
Baillie Gifford UK Growth Trust (BGUK) has announced its annual results for the year ended 30 April 2024 during which BGUK provided NAV and share price total returns of 0.6% and 0.5% respectively, which it says compares to 7.5% for its benchmark FTSE All-Share Index total return. BGUK’s chair, Carolan Dobson, says that when the […]
Asian Energy Impact (AEIT) has provided an update ahead of its General Meeting later today (Friday 14 June 2024) at which shareholders will be asked to vote on a resolution to wind-up the trust. RUMS project construction update Construction of the 200MW solar project that forms part of the Rewa Ultra Mega Solar Park (the […]
Aurora Investment Trust (ARR) has announced changes to its investment objective and the methodology used to calculate its performance fee. The change in the investment policy stems from a desire by the board to clarify the wording to make it consistent with ARR’s investment policy and dividend policy. ARR’s existing investment objective refers to providing […]
Pantheon International (PIN) has announced that Charlotte Morris has been appointed as co-lead portfolio manager of the trust with immediate effect to work alongside Helen Steers, succeeding Jie Gong in the role. Based in London, Charlotte is an investment partner at Pantheon and actively involved in the firm’s private equity secondaries business. PIN says that […]
Custodian Property Income REIT said that property valuations had stabilised in its portfolio in the final quarter of its financial year to 31 March 2024. Its portfolio fell in value by 4.0% on a like-for-like basis across the year to £589.1m but was flat in the first three months of 2024, which it said suggests […]
In QuotedData’s morning briefing 13 June 2024: RTW Biotech Opportunities (RTW) says its largest (13.4% of the portfolio) holding, Avidity Biosciences Inc. has announced positive initial data from its Phase 1/2 trial of AOC 1020, an investigational therapy that targets DUX4, the root cause of facioscapulohumeral muscular dystrophy (FSHD). AOC 1020 demonstrated unprecedented and consistent […]
Impax believes the urgent need to detect, treat and destroy ‘forever chemicals’ in the world’s water is creating investment opportunities that are broader and more valuable than many appreciate Executive summary Understanding of the potentially grave and lasting threats to public health and biodiversity posed by ‘forever chemicals’ is driving public pressure, regulation and litigation […]
The Lindsell Train Investment Trust (LTI) announced its annual results for the year to 31 March 2024. The company saw a NAV total return of 2.1%, a significant underperformance of the MSCI World Index which returned 22.5%. Shares fell 19.8%, leading the discount to widen significantly. The company noted that the sharp widening of the […]
Value and Indexed Property Income Trust (VIP) announced its annual report for the year ended 31 March 2024. The company saw a NAV total return of -9.7%. The discount to net asset value also widened, resulting in a share price total return of -10.3%. Since the year end on 31 March 2024, however, the share […]
Odyssean Investment Trust (OIT) announced its annual results for the year ended 31 March 2024. The company saw a NAV total return of -3.7%, trailing the benchmark return of 3%. Shares fell -5.2% with the discount widening to 0.7%. The manager noted that the company’s performance reflected markets and volatility driven by stock specific issues. […]
In QuotedData’s morning briefing 12 June 2024: Special Opportunities REIT (SOR) has pulled its proposed IPO after falling short of its target fundraise. The company had targeted a £500m raise to acquire commercial property at distressed prices. It had lined up three cornerstone investors for up to £114m, but still fell short of its minimum […]
Oakley Capital Investments (OCI) announced that the Oakley Capital Fund V has exclusivity over acquiring a co-controlling stake in I-TRACING, the leading independent provider of cyber security services in France. OCI’s indirect contribution via Fund V is expected to be up to c. £39m, which relates to OCI’s share of Oakley’s investment in I-TRACING. Full […]
The Fidelity China Special Situations (FCSS) announced its annual report for the period ended 31 March 2024. During the year, the company reported a NAV total return of -16.3% and an ordinary share price total return of -16.4%. This was ahead of the benchmark Index, the MSCI China Index, which returned a total return of […]
In QuotedData’s morning briefing 11 June 2024: The US Solar Fund (USF) will purchase in aggregate 24,358,974 shares under its previously announced tender offer at a price of $0.764 per share. This is the maximum number of shares to be acquired, representing approximately 7.33% ($19m) of the issued share capital of the company. VietNam Holding […]
TR Property posted a 15.2% increase in net asset value (NAV) to 351.1p in the year to 31 March 2024, helped by a number of its portfolio companies being the subject of merger and acquisitions (M&A). Key highlights included: TRY reported a NAV total return of 15.2% and share price total return of 22.9%. These […]
Templeton Emerging Markets Investment Trust (TEM) has released its annual results for the 12 months ending 31 March 2024. Over the 12 months TEM delivered a NAV total return of 7.9%, outperforming its benchmark, the MSCI Emerging Markets Index, which returned 5.9%. TEMIT’s share price total return underperformed however, returning 4.9%, due to its widening […]
In QuotedData’s morning briefing 10 June 2024: Downing Renewables & Infrastructure Trust (DORE) has provided a Q1 NAV update for the three months ending 31 March 2024. DORE reported a NAV of £212.3m or 119.2p per share, a 1.3% increase from its 31 December 2023 value. Its NAV was primarily driven by positive FX movements, […]
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: • Gresham House Energy Storage (0:32) • Octopus Renewables Infrastructure (10:14) • Hipgnosis (12:35) Andrew McHattie from The Investment Trust Newsletter (13:45) This week’s interview was with Olivia Macdonald from Majedie Investments […]
Could AI be as groundbreaking as the printing press was? Scottish Mortgage deputy manager Lawrence Burns explores AI’s transformative power and investment potential. Capital at risk. View the article here.
Could AI be as groundbreaking as the printing press was? Scottish Mortgage deputy manager Lawrence Burns explores AI’s transformative power and investment potential. Capital at risk. View the article here.
QD view: feet dragging by the current administration on an issue of considerable importance to the investment companies industry means that a new Labour government offers our best hope for a solution If you have been following the cost disclosure issue story on our website, you will know that one of the strands that the […]
Worldwide Healthcare (WWH) has published its annual results for the year ended 31 March 2024, during which it provided NAV and share price total returns of 12.0% and 8.6% respectively, which compare to a return from its MSCI World Health Care benchmark of 10.9% (all in sterling terms). The difference between the performance of the […]
VinaCapital Vietnam Opportunity Fund (VOF) and its manager, VinaCapital Investment Management have announced that Andy Ho, VinaCapital’s Chief Investment Officer, passed away unexpectedly at his home in Ho Chi Minh City on the morning of 6 June. Andy (pictured) had been with VinaCapital for some 17 years, having first joined VinaCapital in 2007. Previously he […]
In QuotedData’s morning briefing 7 June 2024: Pantheon International (PIN) has announced that, following the announcement of its capital allocation policy (CAP) on 16 May 2024, it has appointed Investec Bank and J.P. Morgan Securities to undertake an ongoing share buyback programme for the company. The maximum price payable is an amount equal to the […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated