An entry as well as an exit opportunity The financials sector is a significant component of global markets, yet is often complex for many investors to analyse comprehensively. Polar Capital Global Financials Trust (PCFT) offers an accessible investment vehicle for gaining exposure to this sector. Its structure provides shareholders with regular exit opportunities, one of […]
May Monthly | Investment companies Winners and losers in April 2025 April’s top performing sector, Infrastructure Securities, was buoyed by improving sentiment around interest rate stability and a broader rebound in risk appetite. Although these funds typically move in line with bond markets, their equity-like traits may have drawn income-seeking investors back into the fold […]
Winners and losers in April 2025 Best performing funds in price terms (%) Social Housing REIT 15.7 Urban Logistics REIT 12.0 Regional REIT 10.4 Helical 9.6 NewRiver REIT 9.5 Sirius Real Estate 9.4 Primary Health Properties 9.2 Shaftesbury Capital 8.7 Big Yellow Group 7.9 Land Securities 7.7 Source: Bloomberg, Marten & Co Amid the global […]
In April, the US economy faced mounting challenges as President Trump’s ‘Liberation Day’ tariff policies began to take a toll. These included a 145% levy on Chinese goods and a 10% blanket tariff on all imports, raising concerns about inflation and economic stability. Economists warn of a potential recession, with some forecasting a 90% chance […]
Riding out the tariff storm Uncertainty levels have been dialled up across global markets, with Trump’s tariffs throwing up a new dimension of risk. RIT Capital Partners’ (RIT’s) diversified portfolio (across asset classes, sectors and geographies) and stringent risk controls put it in a unique position to weather the storm. Leveraging off its manager’s investment […]
Riding out the tariff storm Uncertainty levels have increased across global markets, with Trump’s tariffs throwing up an additional source of risk. RIT Capital Partners’ (RIT’s) diversified portfolio (spread across asset classes, sectors and geographies) and stringent risk controls put it in a unique position to weather the storm. Leveraging off its manager’s investment skillset […]
Riding out the tariff storm Uncertainty levels have increased across global markets, with the implementation of tariffs by the Trump administration introducing a new dimension of risk. RIT Capital Partners’ (RIT’s) managers believe that its diversified portfolio (across asset classes, sectors, and geographies) and comprehensive risk controls place it in a position to navigate challenging […]
Significant headwinds, but still value Rising interest rates, a fixation on mega-cap AI stocks, and the election of a US administration that would rather “drill, baby, drill” than address the increasingly obvious and damaging effects of climate change have all combined to turn sentiment against the environmental sector. However, as IEM’s board and managers emphasise, […]
Significant headwinds, but still value Rising interest rates, a fixation on mega-cap AI stocks, and the election of a US administration that would rather “drill, baby, drill” than address the increasingly obvious and damaging effects of climate change have all combined to turn sentiment against the environmental sector. However, as Impax Environmental Market’s (IEM’s) board […]
Significant headwinds, but still value Rising interest rates, a focus on mega-cap AI stocks, and the election of a US administration that has set out to “drill, baby, drill”, rather than address the damaging effects of climate change appear to have contributed to negative sentiment towards the environmental sector. However, as IEM’s board and managers […]
Cheap stocks, bold reforms, big ambitions Vietnam Holding’s (VNH’s) manager says that Vietnam still offers one of the most compelling macro stories across emerging markets. It notes that concerns over China, US trade policy and a focus on large-cap US tech have seen it left behind, but says that Vietnam’s fundamentals remain attractive, adding that […]
Cheap stocks, bold reforms, big ambitions Vietnam still offers one of the most compelling macro stories across emerging markets. In the short term, concerns over China, US trade policy and a focus on large-cap US tech have seen it left behind, but its fundamentals remain very attractive, and the government is making major structural reforms […]
Cheap stocks, bold reforms, big ambitions Vietnam still offers one of the most compelling macro stories across emerging markets. In the short term, concerns over China, US trade policy and a focus on large-cap US tech have seen it left behind, but its fundamentals remain very attractive, and the government is making major structural reforms […]
High growth, bigger yield Montanaro UK Smaller Companies (MTU) has adopted a new enhanced dividend policy, paying out 1.5% of net asset value (NAV) every quarter. This will make it one of the highest-yielding UK equity strategies on the market. For traditional equity income investors, whose portfolios tend to be tilted towards more value-focused cash-generative […]
High growth, bigger yield Montanaro UK Smaller Companies (MTU) has adopted a new enhanced dividend policy, paying out 1.5% of NAV every quarter. This will make it one of the highest-yielding UK equity strategies on the market. For traditional equity income investors, whose portfolios tend to be tilted towards more value-focused cash-generative stocks, MTU’s combination […]
High growth, bigger yield Montanaro UK Smaller Companies (MTU) has adopted a new enhanced dividend policy, paying out 1.5% of NAV every quarter. This should, all things being equal, position it among the highest-yielding UK equity strategies on the market. For traditional equity income investors, whose portfolios are typically tilted towards more value-focused cash-generative stocks, […]
More bang for your buck BlackRock Throgmorton’s (THRG) manager, Dan Whitestone, has recently celebrated his 10th year at the helm of the trust, as well as his ninth financial year of outperformance, with THRG’s recently released full-year results showing outperformance of 2.2% over its benchmark (the Deutsche Numis Small Cap ex Investment Companies plus AIM […]
More bang for your buck BlackRock Throgmorton’s (THRG) manager, Dan Whitestone, has recently celebrated his 10th year at the helm of the trust, as well as his ninth financial year of outperformance, with THRG’s recently released full-year results showing outperformance of 2.2%. These results not only highlight Dan’s skill in stock selection, having adapted THRG’s […]
More bang for your buck? BlackRock Throgmorton’s (THRG) manager, Dan Whitestone, has recently celebrated his 10th year at the helm of the trust, as well as his ninth financial year of outperformance, with THRG’s recently released full-year results showing outperformance of 2.2%. The results highlight Dan’s track record in stock selection and how the portfolio […]
Playing the long game Caledonia Investments’ (CLDN’s) recent Private Capital Spotlight provided an opportunity to deep dive into the company’s private capital pool investments. In this part of the portfolio, it has a target of up to 10 companies and currently it accounts for 29% of CLDN’s NAV. This note explores the private capital pool […]
Playing the long game Caledonia Investments’ (CLDN’s) recent Private Capital Spotlight provided an opportunity to deep dive into the company’s private capital pool investments. In this part of the portfolio, it has a target of up to 10 companies and currently it accounts for 29% of CLDN’s NAV. This note explores the private capital pool […]
Playing the long game Caledonia Investments’ (CLDN’s) recent Private Capital Spotlight provided an opportunity to examine the company’s private capital pool investments. In this part of the portfolio, it has a target of up to 10 companies and currently it accounts for 29% of CLDN’s NAV. This note explores the private capital pool in more […]
April Monthly | Investment companies Winners and losers in March 2025 The dominant performance by the Property – UK Healthcare sector was driven by a bid for Care REIT. Primary Health Properties (PHP) and Assura are not structured as investment companies but news that PHP was proposing a merger with Assura and now KKR’s recommended […]
Even ahead of so-called ‘Liberation Day’, tariff talk was once again the paramount mover of markets over March. The Fed’s Jerome Powell has noted that inflation will rise in response to tariffs, amid concerns that aggressive trade policies could hamper the central bank’s ability to cut rates. This was reflected in consumer confidence readings, which […]
Winners and losers in March 2025 Best performing funds in price terms (%) Care REIT 38.4 Life Science REIT 33.9 Warehouse REIT 29.6 Urban Logistics REIT 12.5 Assura 10.8 Picton Property 10.6 Great Portland Estates 8.8 Supermarket Income REIT 8.3 Social Housing REIT 8.2 Sirius Real Estate 7.4 Source: Bloomberg, Marten & Co The best […]
Primed for future NAV growth? With net assets of £1.2bn, Oakley Capital Investments (OCI) offers access to a concentrated portfolio of 33 private European companies across four core sectors. The manager believes that these have a positive trading outlook following two years of macro headwinds. It says an uncertain market backdrop has presented favourable conditions […]
Primed for future NAV growth With net assets of £1.2bn, Oakley Capital Investments (OCI) offers access to a concentrated portfolio of 33 private European companies across four core sectors, boasting a strong trading outlook following two years of macro headwinds. This uncertain market backdrop has presented a fertile environment for deal-making and investment, as more […]
Primed for future NAV growth With net assets of £1.2bn, Oakley Capital Investments (OCI) offers access to a concentrated portfolio of 33 private European companies across four core sectors, boasting a strong trading outlook following two years of macro headwinds. This uncertain market backdrop has presented a fertile environment for deal-making and investment, as more […]
Reforms at a tipping point As we show in this note, AVI Japan Opportunity (AJOT) has delivered strong returns to its shareholders in recent years. The work that the manager Asset Value Investors (AVI) has done to encourage investee companies to improve operations, capital structures, shareholder communications, and corporate governance has produced positive outcomes. However, […]
Reforms at a tipping point As we show in this note, AVI Japan Opportunity (AJOT) has delivered impressive returns to its shareholders in recent years. The work that the manager Asset Value Investors (AVI) has done to encourage investee companies to improve operations, capital structures, shareholder communications, and corporate governance has borne fruit. However, even […]
