Man Group brings trend-following ETF to London as AI shares tumble
Man Group has launched its first two UCITS ETFs in Europe, including a strategy designed to combine global equity market exposure with protection against sustained market downturns. The launch comes at a particularly interesting time, with technology shares suffering a sharp sell-off amid renewed concerns about the outlook for artificial intelligence (AI) investment. The Man […]
Monks’ musings: harnessing growth, but not hostage to AI
What happens when an investment boom starts solving the shortages that created its biggest winners? Baillie Gifford explores the opportunities for the Monks Investment Trust within and beyond AI As with any investment, your capital is at risk. Past performance is not a guide to future returns. One trillion dollars is an incredible incentive. That […]
Nuclear fallout: INPP, Sizewell C and the price of political uncertainty
International Public Partnerships (INPP) has had an interesting couple of weeks. On 4 November, it announced that its wholly owned German rail business, BeNEX, had secured another 15-year concession, requiring a further €26m investment and offering an expected internal rate of return (IRR) in the low to mid-teens. Meanwhile, its much larger investment in the […]
SpaceX, Moderna and Anthropic power Scottish Mortgage to a 31.5% half-year return as trust urges fortitude in AI storm
What a day for Scottish Mortgage (SMT) to report half-year results. With tech shares reeling at a global sell-off in artificial intelligence (AI) companies, Baillie Gifford’s flagship seeker of world-leading growth stocks published impressive numbers for the six months to 30 September but made little direct comment on the current market storm engulfing some of […]
Tech trusts tumble in global AI sell off as Nasdaq crashes 5.5% and Japan’s Nikkei slides 6% into a “bear” market
A sharp sell-off in technology and AI shares wiped an estimated $2.5trn from US market value yesterday with the largest “Magnificent Seven” tech stocks alone losing about $1tn. The panic has spread across Asia overnight and looks set to hit Europe when trading opens this morning. We will be discussing this on our 11am show […]
Morning briefing: Pershing Square sees opportunities as AI dominance wanes; CC Japan changes name to Chikara; US small-cap trusts BASC and JUSC publish merger circulars
Pershing Square Holdings (PSH), the £6.6bn US equities fund run by Bill Ackman, this week reported a 3.5% investment return for the third quarter to 30 September, beating the S&P 500 which rose 2.3%. However, growth in net asset value of 40% and 62% over three and five years is hampered by the wide 37% […]
In The HotSeat – Richard Hickman of HarbourVest Global Private Equity
On 13 November, the team will walk through the weekly news and will interview Richard Hickman of HarbourVest Global Private Equity – register here. You can join our livestream here for future weekly shows. Make sure you subscribe to our YouTube channel and click the notification button so that you are alerted to all our future weekly live […]
In The HotSeat – Gavin Lumsden & Andrew McHattie of the Investment Trust Newsletter
On 6 November, the team will walk through the weekly news and Andrew McHattie of the Investment Trust Newsletter will talk about the events in the sector 2026 – register here. You can join our livestream here for future weekly shows. Make sure you subscribe to our YouTube channel and click the notification button so that you are […]
Molten Ventures takes £50m more profits in £85bn Revolut as Scottish Mortgage and other Baillie Gifford trusts pile in to “one of the UK’s great growth companies”
Update: Revolut, the digital bank allowed by regulators to commence UK operations this year, has achieved a 53% hike in valuation to $115bn (£85bn), prompting Molten Ventures to take further profits on its eight-year investment and for Scottish Mortgage to add to its more recent holding and for two other Baillie Gifford trusts to invest […]
Bank of England delivers “hawkish” rate rise to 4%
The Bank of England has raised interest rates to 4%, the first hike in over three years that came with a surprise unanimous vote by policymakers. The quarter of a percentage point rise was totally expected, but the consensus agreement on the nine-strong monetary policy committee was not, with the pound briefly rising and the […]
Morning briefing: Unite restructures, lifts disposals to £241m; HgCapital posts second quarter of gains after the “SaaSpocalypse”; higher power prices stabilise Greencoat Renewables; Derwent London brings in £11.2m new rent
Unite (UTG), the £2.5bn student accommodation provider, has made changes to its executive committee as chief executive Joe Lister looks to lead a “smaller, more focused business” through its recovery programme. Chief operating officer Karan Khanna and group director of communications and corporate affairs Rebecca Vicary are leaving Unite and there are three new appointments: […]
Schroder REIT: A transformational acquisition
Schroder REIT fund manager Bradley Biggins joins QuotedData’s Richard Williams to discuss the £382m Picton Property acquisition, which nearly doubles the portfolio in size. He explains the benefits of greater scale, expected cost savings, the opportunities within the 22 acquired assets and the potential for earnings growth and dividend progression. Watch the interview to hear […]
FTSE rallies as dollar slumps and gold rises after Democrats deliver heavy defeat to Trump’s Republicans in midterms
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 avoided Amazon’s £4.25bn bond debut as AI borrowing binge shifts risk from equity to debt markets
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 […]
UK retail ETF trading nearly triples as European market booms
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 […]
Morning briefing: Foresight Solar assesses government proposals on fixed price contracts; INPP invests £21.7m in German rail operator BeNEX’s expansion; Supermarket Income lifts fund raise to £60m
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 […]
HgCapital to co-invest in Anthropic and Hg joint venture to help European businesses make money from AI
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 […]
International Biotechnology Trust poised to raise dividends by half after M&A frenzy delivers 74% shareholder return
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 hikes dividends and offers 25% exit amid green shoots of recovery under its new manager
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 undercuts its own global ETF with 0.09% launch
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 […]
Morning briefing: Supermarket Income launches £50m share issue; inflation-linked rents lift Target Healthcare
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 […]
Gresham House Energy Storage puts itself up for sale after board u-turn
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 ignores Anne Boden share sale to lift Starling bank to a £3.4bn implied valuation, its only third quarter riser
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 […]
Morning briefing: JAM co-manager Spence leaves; Home REIT slashes third quarter costs; AVI Japan boosted by private equity bid for Broadmedia; AIC calls for MSCI and S&P indices to include real assets funds
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 […]
Developers, deals and a 6% yield – inside GPM’s relaunch
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 ramps up disposals to fund more buybacks and swaps Action holding for 3i Group shares
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 […]
Fine Wind, Clear Morning: Japan’s Corporate Governance Reform Enters a New Phase
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 […]
Morning briefing: Golden Prospect says its shares have fallen below the annual subscription price; AUSC and JUGI publish merger circulars; Ripple fall knocks Tetragon
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 […]
Covered-call ETFs: why high payouts do not always mean high returns
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 “delighted” with 87% annual return and says there’s a “supportive backdrop” for more gains
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 […]
