Primed for ignition With its dedication to high-quality, high-growth companies, Montanaro European Smaller Companies (MTE) has fallen awry of recent market trends. MTE’s manager, George Cooke, notes that the market is currently favouring low-quality, low-value companies (such as smaller southern-European banks). This may be due either to improving sentiment around Europe’s economy (having seemingly dodged […]

In this week’s show, James Carthew spoke to Craig Baker from Alliance Trust. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer to […]

Lights and tunnels After a challenging year in 2023, the outlook for the Rights and Issues Investment Trust (RIII) appears much brighter now, as economic conditions improve, and the portfolio takes shape under the management of Jupiter’s UK Small and Midcap (SMID) investment team. This positivity is reflected in the recent performance of the trust, […]

In this week’s show, James Carthew spoke to Ian Lance from Temple Bar investment Trust. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would […]

Science fiction becoming science fact The manager of Seraphim Space Investment Trust (SSIT) says that the recent boom in the space economy has been driven by significantly lower costs to launch, smaller, cheaper components to build satellites and other spacecraft, and the growth of private space companies. Companies that once had to pay hundreds of […]

In this week’s show, James Carthew spoke to Matt Cable from Rights and Issues. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer […]

August 2024 Winners and losers in July 2024 Best performing funds in price terms % Tritax EuroBox 13.3 Balanced Commercial Property Trust 10.5 TR Property 10.4 AEW UK REIT 9.9 Shaftesbury Capital 9.9 Picton Property 9.4 Schroder REIT 9.1 Tritax Big Box REIT 8.9 Capital & Regional 8.3 Unite Group 7.9 Source: Bloomberg, Marten & […]

Against a backdrop of recent tumultuous events in the US election race, American GDP rose to 2.8% in the three months to June, a notable increase from 1.4% in Q1. Following his exit from running for a second presidential term, President Joe Biden stated that this data ‘makes clear we now have the strongest economy […]

August 2024 Monthly | Investment companies  Kindly sponsored by abrdn  Winners and losers in August 2024 The S&P 500 index hit a new high mid-month but has been selling off since. July also saw US inflation falling to 3.0% (year-on-year), a bit better than expectations. The US Federal Reserve kept rates on hold, but chair […]

Crystallising unrealised value GCP Infrastructure Investments Ltd (GCP) had a difficult 2023, as the infrastructure sector dealt with rising interest rates and stubborn inflation. However, 2024 brought an improving economic outlook, the prospect of a reversal in interest rate policy, and – for GCP’s shareholders – a highly attractive dividend yield, solid portfolio execution, and […]

Pushing on an opening door The scale of the outperformance delivered by AVI Japan Opportunity Trust (AJOT) versus its MSCI Japan Small Cap benchmark is impressive (38 percentage points since launch) and demonstrates the success of its efforts to promote good corporate governance within the stocks in its portfolio. The manager says that Japanese corporates […]

In this week’s show, James Carthew spoke to Peter Hewitt from Columbia Threadneedle. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer to […]

In this week’s show, Richard Williams spoke to Henry Butt from AEW UK REIT. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer […]

In this week’s show, James Carthew spoke to Chris Clothier from Capital Gearing. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer to […]

Vote against discontinuation JLEN Environmental Assets (JLEN) and the wider renewable energy infrastructure sector have traded at a persistently wide discount to net asset value (NAV) with investor sentiment continuing to wane. This has triggered the activation of a discontinuation vote at JLEN’s annual general meeting (AGM) in September. We strongly believe shareholders should vote […]

Time, well invested Caledonia Investments (CLDN) is a self-managed investment trust that, at its heart, is about backing companies, with strong market positions and fundamentals, for the long term. CLDN buys to hold, targeting long-term compounding real returns (after inflation) from its portfolio. Its investment strategy means that it can ignore the gyrations of fickle […]

In this week’s show, Richard Williams spoke to Kenneth MacKenzie from Target Fund Managers. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer […]

Second quarter of 2024 Investment Companies | Quarterly roundup | July 2024 Election season! After a fast start to the year, markets have experienced a more subdued second quarter, although returns have remained positive, driven mostly by the outperformance of US mega caps. AI giant Nvidia has continued to lead the way, delivering enormous gains, […]

Real estate quarterly report Stage set for recovery Having fallen almost 6% in the first three months of the year, share prices among the real estate investment trust (REIT) and listed property sector ended the second quarter roughly where they started (as shown in the chart to the right). Positive inflation data, which fell to […]

In this week’s show, Matthew Read spoke to James Baker from The Investment Company & David Horner from Chelverton Asset Management. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please […]

July 2024 Winners and losers in June 2024 Best performing funds in price terms (%) Harworth Group 15.6 Tritax EuroBox 14.3 Workspace 11.0 Helical 10.5 Regional REIT 9.4 NewRiver REIT 7.7 Residential Secure Income 5.5 Capital & Regional 4.2 Custodian Property Income REIT 3.9 Schroder REIT 3.5 Source: Bloomberg, Marten & Co Worst performing funds […]

In the US, hopes for near-term interest rate cuts may have been dashed by the Federal Reserve (Fed). In a recent speech, governor Lisa Cook noted that services inflation was running above pre-pandemic levels. She forecast that forecast ‘that three- and six-month inflation rates will continue to move lower on a bumpy path’, but thinks […]

In this week’s show, Matthew Read spoke to Nick Train from Finsbury Growth & Income Trust. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you […]

AI caramba! Polar Capital Technology’s (PCT’s) manager remains all in on the artificial intelligence (AI) investment theme, having fine-tuned the portfolio towards the ‘AI enablers’ and ‘AI beneficiaries’ that it considers will outperform the wider sector over the long-term. 2024 is set to be a profound moment for AI and a showcase for the rapid […]

Heralding in the age of AI In a world where the share prices of AI-related companies have determined the fortunes of global equity markets, Herald Investment Trust (HRI) offers a way to capitalise on these potent tailwinds while still offering an arguably seldom-found discount opportunity within a universe known for its high valuations, coupled with […]

Focused on dividend cover Urban Logistics REIT (SHED) has reported its full year results for the year end 31 March 2024 this morning. It has been another year of strong operational performance, with net rental income up 8.4% to £57.4m. Valuations have stabilised, with EPRA net tangible assets (NTA) was down just 1.3% to 160.27p. […]

June 2024 Monthly | Investment companies  Kindly sponsored by abrdn  Winners and losers in May 2024 May has been a story of market rebounds, with some of 2024’s worst-performing sectors having become the best-performing. Infrastructure securities was the top performing sector over the month. Listed infrastructure was supported by a fall in interest rate expectations […]

Riding the wave of shifting interest rates CQS New City High Yield Fund (NCYF) is consistently one of the highest-dividend-yielding funds in its debt – loans and bonds peer group and, over the longer term, is also one of its best-performing (see page 17). NCYF has benefitted from an uplift in capital values as the […]

Change in fortunes on the horizon RIT Capital Partners’ (RIT’s) private (unquoted) investments portfolio, which for the past two years has dragged on the trust’s net asset value (NAV) returns, could be the spark for a change in its fortunes over the next 12 months. Several holdings are considering initial public offerings (IPOs) that could […]