Difficult conditions make for better vintages Patria Private Equity’s (PPET’s) long-term track record puts it towards the top end of peer group tables for returns and ahead of equivalent listed equities. PPET’s bias to European mid-market deals appears to have served it well despite limited economic growth in the region. The company is also providing […]
Difficult conditions make for better vintages Patria Private Equity (PPET) has been able to build up an enviable long-term track record, with returns towards the top end of peer group tables and well-ahead of equivalent listed equities. It is clear that PPET’s bias to European mid-market deals has served it well despite lacklustre economic growth […]
Difficult conditions make for better vintages Patria Private Equity (PPET) has been able to build up an enviable long-term track record, with returns towards the top end of peer group tables and well-ahead of equivalent listed equities. It is clear that PPET’s bias to European mid-market deals has served it well despite lacklustre economic growth […]
Hi Fidelity! AVI Japan Opportunity (AJOT) has published proposals for a combination with Fidelity Japan Trust (FJV) that would improve liquidity in AJOT’s shares, lower its ongoing charges ratio, and give the manager greater resources to encourage beneficial change within AJOT’s portfolio. FJV shareholders can switch into a much better-performing trust, with improved discount control. […]
Hi Fidelity! AVI Japan Opportunity (AJOT) has published proposals for a combination with Fidelity Japan Trust (FJV) that would improve liquidity in AJOT’s shares, lower its ongoing charges ratio, and give the manager greater resources to unlock value in the companies it invests in. For FJV shareholders the deal offers the chance to switch into […]
Hi Fidelity! AVI Japan Opportunity (AJOT) has published proposals for a combination with Fidelity Japan Trust (FJV) that could improve liquidity in AJOT’s shares, lower its ongoing charges ratio, and give the manager greater resources to encourage beneficial change within AJOT’s portfolio. FJV shareholders are being offered the opportunity to switch into a trust with […]
Durability in times of volatility Market volatility at the start of 2025 – brought about by tariff uncertainty and the release of the Chinese artificial intelligence (AI) model DeepSeek – provided an interesting snapshot into the potential performance of the companies that Lindsell Train Investment Trust (LTI) and its manager, Lindsell Train Limited (LTL), invest […]
Durability in times of volatility Market volatility at the start of 2025 – brought about by tariff uncertainty and the release of the Chinese AI model DeepSeek – provided an interesting snapshot into the potential performance of the companies that Lindsell Train Investment Trust (LTI) and its manager, Lindsell Train Limited (LTL), invest in during […]
Durability in times of volatility Market volatility at the start of 2025 – brought about by tariff uncertainty and the release of the Chinese AI model DeepSeek – provided a snapshot into the potential performance of the companies that Lindsell Train Investment Trust (LTI) and its manager, Lindsell Train Limited (LTL), invest in during times […]
European winners, global exposure European Opportunities Trust (EOT) remains the most growth-focused fund in its peer group. This is at a time when there are increasing signs of this style of investing coming back into favour, as inflation remains under control and interest rates trend down. More widely, Europe seems to be coming back on […]
European winners, global exposure European Opportunities Trust (EOT) remains the most growth-focused fund in its peer group. This is at a time when there are increasing signs of this style of investing coming back into favour, as inflation remains under control and interest rates trend down. More widely, Europe seems to be coming back on […]
European winners, global exposure European Opportunities Trust (EOT) remains the most growth-focused fund in its peer group. This is at a time when there are indications of this style of investing coming back into favour, as inflation remains under control and interest rates trend down. More widely, Europe appears to be receiving increased investor attention, […]
Public matters On 24 June Caledonia Investments (CLDN) hosted a public companies spotlight event, where the managers presented in detail on the company’s global portfolio of publicly listed investments. This element of the portfolio has a strategic allocation of between 30% and 40% of NAV, currently making up 33%. Around 30 companies are held across […]
Public matters On 24 June Caledonia Investments (CLDN) hosted a public companies spotlight event, where the managers presented in detail on the company’s global portfolio of publicly listed investments. This element of the portfolio has a strategic allocation of between 30% and 40% of net asset value (NAV), currently making up 33%. Around 30 companies […]
Public matters On 24 June Caledonia Investments (CLDN) hosted a public companies spotlight event, where the managers presented in detail on the company’s global portfolio of publicly listed investments. This element of the portfolio has a strategic allocation of between 30% and 40% of NAV, currently making up 33%. Around 30 companies are held across […]
The Bureau of Labor Statistics issued a weak jobs report at the start of the month and the White House responded by sacking the boss of the agency. US inflation data came in slightly below expectations – defying fears that tariffs would be pushing up prices – that raised hopes of an interest rate cut […]
Significant catch up potential After three challenging years, there are now signs that sentiment towards both growth stocks and the wider UK market is improving. Baillie Gifford UK Growth Trust (BGUK) has been a clear beneficiary of this, delivering a marked uptick in performance over the past year. The tide may be turning, but UK […]
Significant catch up potential After three challenging years, there are now signs that sentiment towards both growth stocks and the wider UK market is improving. Baillie Gifford UK Growth Trust (BGUK) has been a clear beneficiary of this, delivering a marked uptick in performance over the past year. The tide may be turning, but UK […]
Significant catch-up potential? After three years of underperformance, there are now indications that sentiment towards both growth stocks and the wider UK market is improving. Baillie Gifford UK Growth Trust (BGUK) may have been a beneficiary of this, it has delivered an uptick in performance over the past year. However, UK equities in general – […]
Recovery play When we last published on Polar Capital Global Healthcare (PCGH), President Trump had just been elected, and while there were some nerves about Robert F. Kennedy Jr (RFK) being linked to the top job in the US health system, the mood was reasonably upbeat. The managers observed that the sector’s fundamentals were strong, […]
Recovery play When we last published on Polar Capital Global Healthcare (PCGH), President Trump had just been elected, and while there were some nerves about Robert F. Kennedy Jr (RFK) being linked to the top job in the US health system, the mood was reasonably upbeat. The managers observed that the sector’s fundamentals (underlying financial […]
Recovery play When we last published on Polar Capital Global Healthcare (PCGH), President Trump had just been elected, and while there appeared to be some concerns about Robert F. Kennedy Jr (RFK) being linked to the top job in the US health system, the mood was generally positive. The managers observed that the sector’s fundamentals […]
The IMF sounded an upbeat note in July, upgrading its global growth forecast on the back of the weakening US dollar Tariffs featured prominently in headlines as the extended 1 August deadline for a return to tariffs imposed on Liberation Day loomed and countries scrambled to do deals. The big news was an agreement with […]
AI of the tiger Polar Capital Technology’s (PCT’s) underweight positions in Apple and Alphabet have paid off handsomely in recent months – with the share price of both stalling on fears of their vulnerability in the AI race. This points to the increasingly evident merits of an active approach to investing in AI. History suggests […]
AI of the tiger Polar Capital Technology’s (PCT’s) underweight positions in Apple and Alphabet have paid off handsomely in recent months – with the share price of both stalling on fears of their vulnerability in the artificial intelligence (AI) race. This points to the increasingly evident merits of an active approach to investing in AI. […]
AI of the tiger Polar Capital Technology’s (PCT’s) underweight positions in Apple and Alphabet have benefitted the trust’s returns relative to its benchmark in recent months – with the share price of both stalling, which the manager attributes to concerns about their positioning in the AI sector. It feels that history suggests that not only […]
Significant progress on “Reset for growth” In November 2024, Edinburgh Worldwide (EWI) set out its “Reset for growth” plan, which included team changes, process changes, a more-focused portfolio, and a commitment to return up to £130m to shareholders in 2025 (see pages 4 and 5 for more details). Shareholders approved changes needed to implement the […]
Significant progress on “Reset for growth” In November 2024, Edinburgh Worldwide (EWI) set out its “Reset for growth” plan, which included team changes, process changes, a more-focused portfolio, and a commitment to return up to £130m to shareholders in 2025 (see pages 5 and 6 for more details). Shareholders approved changes needed to implement the […]
Making progress on “Reset for growth” In November 2024, Edinburgh Worldwide (EWI) set out its “Reset for growth” plan, which included team changes, process changes, a more-focused portfolio, and a commitment to return up to £130m to shareholders in 2025 (see pages 4 and 5). Shareholders approved changes needed to implement the plan in December, […]
A new giant for a new market reality Alliance Witan (ALW), the result of the merger between Alliance Trust and Witan in October 2024, is now an investment juggernaut. The combined entity now has c.£4.5bn in assets and has been propelled into FTSE 100. Investors are benefitting from superior liquidity in its shares, lower fees, […]
