German asset manager LAIQON has entered the European ETF market with an actively managed equity strategy that uses artificial intelligence to help select and weight stocks. The LAIQON European Equity AI Optimized Active UCITS ETF began trading on Xetra on 12 August under the ticker LQEU, having been developed in partnership with Amundi. The accumulating […]
Temple Bar (TMPL), the best performing UK equity income investment trust over five years, fell behind the FTSE All-Share in the first half of the year but has since pulled ahead of its benchmark, half-year results show. The £1.3bn closed-end fund recovered from the shock of the Iran war and the spike in oil prices […]
Scottish Mortgage Trust (SMT) rose 2.2% yesterday after its fund managers’ faith in Moderna (MRNA) was rewarded with a near trebling in the US drug developer’s shares. Nasdaq-listed Moderna soared 177%, or $111, to $174.38, valuing the company at more than $60bn, after a late-stage trial showed its individualised cancer therapy intisemeran was successful in […]
Global Opportunities Trust (GOT), the £97m defensive global equities fund run by Dr Sandy Nairn at Goodhart Partners, made a 1.5% total investment return including its dividend in the first half of the year. Excluding the 10.3p per share final dividend paid in May, the portfolio’s net asset value (NAV) fell 1.1% to 397.3p per […]
A difficult first half for JPMorgan American (JAM) has not dented the optimism of its fund managers who say the growing opportunities from artificial intelligence (AI) and the resilience of the US economy bode well for the future. The £2bn investment trust, which owns the managers’ 20 best “growth” and 20 top “value” stocks in […]
Achilles Investment Company (AIC), the £52m closed-end fund activist, has appointed Chris Hills, former chief investment officer at Investec Wealth and Investment, as its strategic adviser. Hills, who worked for Investec W&I for over 25 years and became chief investment consul following its acquisition by Rathbones in 2023, retired from full-time work last October. He […]
International Public Partnerships (INPP), the £2.5bn infrastructure investment company, has sold stakes in nine UK private-public partnership (PPP) projects to InfraRed Capital Partners which will manage the assets on behalf of Dutch pension scheme ABP. Total proceeds from the disposal, involving 15 London comprehensives, special educational schools and further education colleges built as part of […]
Shaires Holdings (SHR), the AIM-listed investment company offering exposure to a portfolio of private artificial intelligence companies, has extended its retail share offer to 4.30pm on 24 August to give it time to reach a “broader range of investors”. The offer of new shares at $20 each at a discount of around 18% to their […]
Aberdeen Asian Income Fund (AAIF) has continued last year’s strong performance with a 28% investment return in the first half of the year largely driven by technology and artificial intelligence stocks. Shareholders in the £452m investment company enjoyed a 30.9% total return in the six months to 30 June as the big gains of Taiwanese […]
Seraphim Space (SSIT) has invested a further £22.2m ($30m) of its £137m C-share issue, adding Hubble Network, a US start-up building the first satellite-powered Bluetooth network, to its portfolio. Hubble is already backed by Seraphim’s fund manager through the Seraphim Space Venture Fund II (SSVII). James Bruegger, chief investment officer of Seraphim Space Manager, said […]
Ceiba (CBA), the £48m Cuban property fund whose shares were suspended after being hit by US sanctions last month, is to be taken over by an administrator following the resignations of its board, management team and external service providers. Ceiba said it welcomed the Guernsey Financial Services Commission’s decision to request the Royal Court of […]
CT Healthcare (CTHT) fund manager Kosta Kleyman has sounded a cautious note on prospects as ‘restrictive’ interest rates and sticky inflation threaten to weigh on the sector’s recovery. In the £69m investment trust’s first interims since Columbia Threadneedle replaced Bellevue Asset Management in March, chair Sarah MacAulay said Kleyman believed healthcare sector share prices were […]
Global X and First Trust have launched rival space-focused ETFs in Europe, adding to a rapidly expanding range of funds targeting the commercialisation of the space economy. The Global X Space Tech UCITS ETF and First Trust Bloomberg Space Economy UCITS ETF both began trading on 30 July, giving European investors new ways to gain […]
VanEck is preparing to launch an agribusiness ETF in Europe, giving investors exposure to companies operating across the global agricultural supply chain. The VanEck Agribusiness UCITS ETF has been registered with the Irish regulator, according to public filings reported by ETF Stream. The fund would enter a relatively small part of the European ETF market, […]
International Public Partnerships (INPP), the £2.5bn infrastructure fund, has written off most of its £24.1m investment in toob, the UK full-fibre broadband provider it backed at launch in 2019. INPP highlighted in June the challenges facing the UK’s altnet market and the “overbuild risk and consolidation pressure” on smaller operators like toob. It was one of […]
US Solar Fund (USF) has granted its potential buyer another 60 days of exclusivity to complete tax analysis and due diligence on the acquisition. This will expire on 16 October and extends the 90-day period the company granted on 18 May when it revealed it had received a non-binding proposal for the acquisition of the […]
Jupiter Asset Management plans to launch two active ETFs investing in emerging markets and global equities outside the US for its Origin investment arm. The UK fund manager has filed the Jupiter Origin Global Emerging Markets Active Equity and Jupiter Origin Global Ex-US Active Equity UCITS ETFs with the Central Bank of Ireland. The emerging […]
Goldman Sachs looks primed to launch covered call exchange-traded funds (ETFs) in Europe following its $2.25bn (£1.7bn) acquisition of NEOS Investments. NEOS, a US focused provider of options-based income ETFS, last week agreed to add its $30bn, 19 fund range to Golman Sachs’ platform, giving the investment bank a total of $130bn in active ETFs, […]
European trusts can be a tough sell. Why would investors bother delving into the sclerotic, slow-growing economies of France or Germany when they can enjoy the excitement of the dynamic US? To paraphrase Bill Clinton, it’s not the economy, stupid. It is hard to make a case for Europe on economic growth alone. While Eurozone […]
General Tedman discusses the strategic importance of space to global defence and security, and why access to resilient space-based capabilities is increasingly critical to national security and military operations. Watch below or here.
Residential Secure Income (RESI) will make its first return of capital following the disposal of its retirement portfolio to Living REIT. The company will return £35.2m to shareholders via its B Share Scheme, equivalent to 19p per ordinary share, with the payment due on 25 August. It will also pay a 1.53p per share property […]
Pershing Square Holdings (PSH) had a poor first half of 2026. In total return terms, the net asset value (NAV) of Bill Ackman’s US equities hedge fund fell by 12.6% and share price by 23.9% in a period where the S&P 500 index rose by 10.2%. An additional $100m buyback was authorised in May 2026 […]
Shaires Holdings Ltd (SHR) has launched a retail offer, giving individual investors the opportunity to gain exposure to a portfolio of private technology companies, with a particular focus on artificial intelligence (AI). The AIM-listed investment company is making new ordinary shares available at $20.00 each through the Winterflood Retail Access Platform (WRAP). The offer is […]
Foresight Environmental Infrastructure (FGEN) delivered a 1.4% total investment return in the three months to 30 June, despite a reduction in near- to medium-term power price assumptions. Net asset value (NAV) slipped to £652.4m from £655.5m at 31 March, while NAV per share fell from 105.2p to 104.7p after allowing for the 2p per share […]
Riverstone Energy (RSE) has written down Group14 Technologies to zero following ongoing production and commissioning challenges, as it continues its managed wind-down. It has returned £30m to shareholders through its second compulsory partial redemption during the quarter to 30 June and reported a draft unaudited net asset value (NAV) of $77m, with its remaining portfolio […]
Investment Week has a story that UK smaller companies fund managers George Ensor and Mayan Uthayakumar – who both quit Liontrust recently – are off to work for Jupiter Asset Management. Ensor’s surprise departure triggered a short-lived drop in River UK Micro Cap‘s (RMMC) share price. However, investors appeared reassured that he would continue to […]
Schroder Asia Total Return (ATR) and Pacific Assets (PAC) have published circulars to put their planned merger into effect. The deal that was announced on 11 June will take the form of a s110 reconstruction and members’ voluntary winding-up of Pacific Assets. Pacific Assets shareholders have a cash option, at a 2% discount to NAV […]
Aberdeen Asia Focus (AAS) beat its benchmark by 29.4% over the five years to 31 July, passing the performance test that would otherwise have triggered a tender offer. The board says a new five-year performance test period began on 1 August. As before, if the trust fails to at least match its benchmark over this […]
On 3 August 2026, Xtrackers MSCI Innovation UCITS ETF gave two weeks’ notice of a meeting on 17 August at which it proposed to shift from tracking the MSCI ACWI IMI Innovation Index to tracking the MSCI World Semiconductors & Semiconductor Equipment 20/35 Index. This is one passive thematic strategy replacing another passive thematic strategy. […]
UK-listed property stocks enjoyed another positive month in July, with the average share price rising 2.3%, and 34 of the 49 companies in our dataset recording gains. The median return was slightly stronger at 2.5%. The sector has now delivered three consecutive months of positive average returns, taking the three-month gain to 3.9%. However, the […]
