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 […]
Whilst the ongoing conflicts in Ukraine and the Middle East have intensified, economic recovery in the US continues, with a rise in the S&P Global US composite PMI output index, tracking improvements in the outlook for both manufacturing and services. With May’s reading of 54.4, the index reached its highest level since April 2022 (figures […]
June 2024 Winners and losers in May 2024 Best performing funds in price terms (%) Capital & Regional 22.0 Safestore 16.4 Big Yellow Group 15.6 Derwent London 13.2 British Land 12.8 Helical 9.8 Phoenix Spree Deutschland 9.2 Shaftesbury Capital 8.2 Workspace 7.5 SEGRO 7.5 Source: Bloomberg, Marten & Co Worst performing funds in price terms […]
Riding the wave of shifting interest rates CQS New City High Yield Fund (NCYF) is consistently one of the highest-yielding funds in its debt – loans and bonds peer group and, over the longer term, is also one of its best-performing (see page 16). NCYF has benefitted from an uplift in capital values as the […]
Riding the wave of shifting interest rates CQS New City High Yield Fund (NCYF) has consistently been one of the highest-yielding funds in its debt – loans and bonds peer group and, over the longer term, has also been one of its best-performing (see page 16). NCYF appears to have benefitted from an uplift in […]
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 could be on the horizon It is possible that RIT Capital Partners’ (RIT’s) private investments portfolio, which for the past two years has dragged on the trust’s NAV returns, could be the spark for a change in its fortunes over the next 12 months. Several holdings are considering IPOs. History suggests that […]
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 […]
Change in fortunes on the horizon RIT Capital Partners’s (RIT’s) private investments portfolio, which for the past two years has dragged on the trust’s NAV returns, could be the spark for a change in its fortunes over the next 12 months. Several holdings are considering IPOs that could present healthy premiums to the typically conservative […]
A coiled spring? Charles Montanaro, the manager of Montanaro UK Smaller Companies Investment Trust (MTU), has remained stalwart in the face of a UK market that has been underperforming international peers. His bullishness is based on what he believes is the increasingly attractive valuations being assigned to UK equities, as several of MTU’s holdings have […]
A coiled spring? Charles Montanaro, the manager of Montanaro UK Smaller Companies Investment Trust (MTU), has remained stalwart in the face of investor aversion to the UK. His bullishness is based on the increasingly attractive valuations being assigned to UK equities, as many of MTU’s holdings continue to generate decent earnings, several reporting their highest […]
A coiled spring? Charles Montanaro, the manager of Montanaro UK Smaller Companies Investment Trust (MTU), has remained stalwart in the face of investor aversion to the UK equity market. His bullishness is based on the increasingly attractive valuations being assigned to UK equities, as many of MTU’s holdings continue to generate decent earnings based on […]
In this week’s show, James Carthew spoke to Luciano Suana from Menhaden Capital 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 email Aiman. Additionally, if you would prefer to […]
Handful of themes to drive performance Polar Capital Global Financials Trust (PCFT) has had a good six months both in NAV terms, where returns have been ahead of both its benchmark and the global index, and in price terms, as the discount has narrowed. Next year’s liquidity opportunity (see page 11) ought to help the […]
Handful of themes to drive performance? Over the six months to end May 2024, Polar Capital Global Financials Trust’s (PCFT) net asset value (NAV) returns have been ahead of both its benchmark and the global index, and its share price returns have been even better, as the share price discount to NAV has narrowed. The […]
Handful of themes to drive performance Polar Capital Global Financials Trust (PCFT) has had a good six months both in net asset value (NAV) terms, where returns have been ahead of both its MSCI All-Countries World Financials Index performance benchmark and the global MSCI All Countries World Index, and in share price terms, as the […]
Momentum building The manager of Ecofin Global Utilities and Infrastructure Trust (EGL) notes that after a challenging 18-month period, things are beginning to look a lot brighter. It points out that since the middle of February, strong earnings, AI momentum behind electricity demand, and a shifting macroeconomic outlook have contributed to a 23% bounce in […]
Momentum building After a challenging 18-month period, things are beginning to look a lot brighter for the Ecofin Global Utilities and Infrastructure Trust (EGL). Since the middle of February, strong earnings, artificial intelligence (AI) related momentum behind growing electricity demand, and a shifting macroeconomic outlook have contributed to a 23% bounce in the company’s shares. […]
Momentum Building After a challenging 18-month period, things are beginning to look a lot brighter for the Ecofin Global Utilities and Infrastructure Trust (EGL). Since the middle of February, strong earnings, AI momentum behind electricity demand, and a shifting macroeconomic outlook have contributed to a 23% bounce in the company’s shares. The recent rally reflects […]
Stellar performance with plenty of potential Vietnam Holding (VNH) has provided strong absolute and relative returns during the last 12 months, expanding its record of outperformance of both peers and relevant benchmarks. The introduction of a redemption opportunity at NAV less associated costs (the first of which is on 30 September this year) has significantly […]
Strong performance with potential for more Vietnam Holding (VNH) has provided strong absolute and relative returns during the last 12 months, expanding its record of outperformance of both peers and relevant benchmarks. The introduction of a redemption opportunity at NAV less associated costs (the first of which is on 30 September this year) appears to […]
Stellar performance with plenty of potential Vietnam Holding (VNH) has provided strong absolute and relative returns during the last 12 months, expanding its record of outperformance of both peers and relevant benchmarks. The introduction of a share redemption opportunity at net asset value (NAV) less associated costs (the first of which is on 30 September […]
Throgmorton – get it while the price is good Dan Whitestone, BlackRock Throgmorton’s (THRG’s) manager, believes that the historic selloff of UK equites represents both a disconnect to the strong earnings reported by UK companies, and an attractive valuation opportunity. UK companies remain more than competitive compared to international peers, and overseas companies are taking […]
Throgmorton – get it while the price is good Dan Whitestone, BlackRock Throgmorton’s (THRG’s) manager, believes that the historic selloff of UK equities, with investors taking their money out of UK equities in record numbers, is a behaviour that represents both a disconnect to the strong earnings reported by UK companies, and an attractive valuation […]
Throgmorton – opportunities in a discounted UK? Dan Whitestone, BlackRock Throgmorton’s (THRG’s) manager, believes that the historic selloff of UK equities represents both a disconnect to the strong earnings reported by UK companies, and a potential valuation opportunity. Dan’s observation is that UK companies remain competitive compared to international peers, and that some overseas companies […]
In this week’s show, James Carthew spoke to Olivia Macdonald from Majedie Investments. 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 watch […]
Thriving under pressure The AVI Global Trust (AGT) has gone from strength to strength as its managers identify a wealth of opportunities. A share price total return of over 30% in the past year highlights the value of the company’s strategy of targeting high-quality companies whose shares are trading at a discount to their intrinsic […]
Thriving under pressure AVI Global Trust (AGT) has gone from strength to strength as its managers identify a wealth of opportunities. A share price total return of over 30% in the past year highlights the value of the company’s strategy of targeting high-quality companies whose shares are trading at a discount to their intrinsic value. […]
Thriving under pressure? AVI Global Trust (AGT) appears to have gone from strength to strength as its managers say that they have identified a wealth of opportunities. A share price total return of over 30% in the past year could be said to highlight the attraction of the company’s strategy of targeting high-quality companies whose […]
Sustainable long-term growth Impax Environmental Markets (IEM) invests in good-quality, fast-growing companies that are providing innovative solutions to environmental challenges or improving resource efficiency. The pace of change may be slower in some countries than others and, overall, slower than many of us would like, but it is inexorable, which underpins an attractive long-term outlook […]
