Form is temporary, class is permanent The unique nature of Lindsell Train Investment Trust’s (LTI’s) structure appears to have impacted its performance over the past four years, after it had benefited from two decades of strong absolute and relative performance. LTI’s managers see two main causes. First, they say that the active management approach that […]
Winds of change After years of incrementally-positive but slow-moving reforms, we are now starting to see real momentum across Japan’s corporate landscape as companies embrace governance changes and capital efficiency improvements. Over the past 12 months, dividend growth has accelerated to its fastest pace in 20 years and buybacks have reached record highs, climbing well […]
Winds of change After years of what the managers of JPMorgan Japanese Investment Trust (JFJ) describe as incrementally-positive but slow-moving reforms, they believe we are now starting to see real momentum across Japan’s corporate landscape as companies embrace governance changes and capital efficiency improvements. Over the past 12 months, dividend growth has accelerated to its […]
Winds of change After years of incrementally-positive but slow-moving reforms, we are now starting to see real momentum across Japan’s corporate landscape as companies embrace governance changes and capital efficiency improvements. Over the past 12 months, dividend growth has accelerated to its fastest pace in 20 years and buybacks have reached record highs, climbing well […]
March Monthly | Investment companies Winners and losers in February 2025 Marked by the emergence of DeepSeek, and at the expense of American tech giants, Chinese equities rallied throughout February. With the spotlight on the country’s AI capabilities, several stocks were driven by the news of better-than-expected earnings. The Hang Seng Tech Index had its […]
The Trump administration’s reshaping of American economic and political policy made many headlines throughout February. Despite the suspension of plans to place 25% tariffs on major trading partners, the White House confirmed the implementation of tariffs on steel and aluminium on imports from all countries. Concerns that these measures could induce inflationary pressure were confirmed […]
Winners and losers in February 2025 Best performing funds in price terms (%) IWG 15.8 Schroder REIT 11.2 Assura Group 10.3 Urban Logistics REIT 5.5 Supermarket Income REIT 4.7 Value & Indexed Property 4.3 First Property Group 4.0 PRS REIT 4.0 Helical 3.3 Warehouse REIT 2.5 Source: Bloomberg, Marten & Co Worst performing funds in […]
Firing on all cylinders Click to watch RCP’s manager discuss the results Click here for QuotedData’s view Click for our most recent RCP research note Maggie Fanari, chief executive of RCP’s manager, J Rothschild Capital Management: “2024 was a year of solid progress for the company, and we enter 2025 with the portfolio well positioned […]
Firing on all cylinders Maggie Fanari, chief executive of RCP’s manager, J Rothschild Capital Management: “2024 was a year of solid progress for the company, and we enter 2025 with the portfolio well positioned for continued growth. Our quoted equities pillar delivered mid-teen returns, while in private investments we enhanced performance and realisations and our […]
Return to form Chrysalis Investments Limited (CHRY) has experienced decent NAV and share price growth recently. With the bulk of the proceeds from the disposals of Graphcore and Featurespace received, and the term loan facility drawn down, CHRY has been able to make considerable progress with its share buyback programme. As of publication, 46,183,261 shares […]
Return to form Chrysalis Investments Limited (CHRY) has experienced decent net asset value (NAV) and share price growth recently. With the bulk of the proceeds from the disposals of Graphcore and Featurespace received, and the term loan facility drawn down, CHRY is making good progress with its share buyback programme (see page 4). As of […]
Return to form Chrysalis Investments Limited (CHRY) has experienced decent NAV and share price growth recently. With the bulk of the proceeds from the disposals of Graphcore and Featurespace received, and the term loan facility drawn down, CHRY is making good progress with its share buyback programme. As of publication, 46,183,261 shares had been bought […]
Long-term success – near-term opportunity Patria Private Equity Trust (PPET), which invests alongside some of the best-performing private equity managers, should be well-placed to benefit from an uptick in deal activity that has accompanied falling interest rates in most developed markets. Following a bumper couple of years for private equity returns on the back of […]
Long-term success – near-term opportunity Patria Private Equity Trust (PPET), which invests alongside some of the best-performing private equity managers, should be well-placed to benefit from an uptick in deal activity that has accompanied falling interest rates in most developed markets. Following a bumper couple of years for private equity returns on the back of […]
Long-term success, near-term opportunity? The manager of Patria Private Equity Trust (PPET), which invests alongside what it describes as some of the most highly regarded private equity managers, thinks that PPET could be well-placed to benefit from an uptick in deal activity that has accompanied falling interest rates in most developed markets. Following a bumper […]
Driving down the discount Towards the end of 2024, Downing Renewables and Infrastructure Trust (DORE) announced the sale of its Swedish wind farm. The price achieved was a premium to the carrying value of the asset in the NAV as at 30 September 2024. This highlights the success that DORE’s management team has had in […]
Driving down the discount Towards the end of 2024, Downing Renewables and Infrastructure Trust (DORE) announced the sale of its Swedish wind farm. The price achieved was a premium to the carrying value of the asset in the NAV as at 30 September 2024. This highlights the success that DORE’s management team has had in […]
Driving down the discount Towards the end of 2024, Downing Renewables and Infrastructure Trust (DORE) announced the sale of its Swedish wind farm. The price achieved was a premium to the carrying value of the asset in the NAV as at 30 September 2024. This illustrates the success that DORE’s management team has had in […]
Winners and losers in January 2025 Best performing funds in price terms (%) Ground Rents Income Fund 46.4 Tritax Big Box REIT 10.1 IWG 8.2 Urban Logistics REIT 7.0 Unite Group 6.3 Macau Property Opportunities 6.0 Care REIT 5.2 British Land 4.7 Helical 4.3 NewRiver REIT 4.2 Source: Bloomberg, Marten & Co Worst performing funds […]
February Monthly | Investment companies Kindly sponsored by abrdn Winners and losers in January 2025 Despite an uncertain economic outlook, European focused trusts were among the best performers in January. In fact, the Stoxx Europe 600 benchmark index posted a 6% monthly gain, reaching 6.5% earlier in the month, its highest performance on a monthly […]
From the onset of the new year, the outlook for the US economy has been largely positive, with the US Chamber of Commerce stating that it could grow more than 3% over 2025. Likewise, the IMF has expressed similar confidence as it expects that the US will outperform the European, Japanese, and Canadian economies this […]
Normal programming to resume The first nine months of 2024 provided signs of a return to normality in the UK. With inflation falling steeply, the Bank of England was able to begin its interest rate-cutting cycle, while a steady pickup in growth provided a sense of optimism that had long been absent from the market. […]
Normal programming to resume The first nine months of 2024 provided signs of a return to normality in the UK. With inflation falling steeply, the Bank of England was able to begin its rate-cutting cycle, while a steady pickup in growth provided a sense of optimism that had long been absent from the market. The […]
Normal programming to resume The first nine months of 2024 appeared to provide signs of a return to normality in the UK. With inflation falling, the Bank of England felt able to begin its rate-cutting cycle, while a steady pickup in growth may have encouraged a sense of optimism that had long been absent from […]
Review 2024 Annual roundup | Investment companies | January 2024 Kindly sponsored by abrdn Hold your nerve After the battering that it took in 2024, it would be easy to be despondent about the health of the UK investment companies market. On page 17 we show a list of 30 investment companies that left the […]
Real Estate Annual Review The long road back After two long years of decline, it looked like real estate would stage a recovery at the halfway point of the year. Valuations had stabilised and the much-anticipated interest rate cutting cycle was underway. However, October’s budget put paid to any recovery as fears rose that the […]
Consolidate and capitalise For most of 2024, there were signs suggesting that financial conditions had finally started to improve for infrastructure investors. Inflation had dropped from the previous year, allowing the Bank of England to begin its easing cycle, while the manager notes that the new government’s ambitious plans for infrastructure development had provided a […]
Consolidate and capitalise For most of 2024, financial conditions had finally started to turn favourably for infrastructure investors. Inflation had dropped sharply from the previous year, allowing the Bank of England to begin its interest rate cutting cycle, while the new government’s ambitious plans for infrastructure development provided a renewed sense of optimism across the […]
Consolidate and capitalise For most of 2024, financial conditions had finally started to turn favourably for infrastructure investors. Inflation had dropped sharply from the previous year, allowing the Bank of England to begin its easing cycle, while the new government’s ambitious plans for infrastructure development provided a renewed sense of optimism across the sector. These […]
Well covered, growing, double-digit yield Despite having many attractive features, NextEnergy Solar Fund (NESF) has seen its share price derate significantly during the last two years (driven largely by macroeconomic headwinds, such as the impact of higher interest rates on income-producing assets, which has affected the whole renewable energy sector and has been a factor […]
