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 […]
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 the companies that AJOT invests in to improve operations, capital structures, shareholder communications, and corporate governance has […]
Inflection point approaching? With Trump now re-installed as US President, we are starting to see how his much talked about policy agenda is shaping up. He is moving quickly, but higher uncertainty is the new norm. Although, there are signs that his threat of stringent US tariffs on Asian and particularly Chinese imports, which had […]
Inflection point approaching? With Trump now re-installed as US President, we are starting to see how his much talked about policy agenda is shaping up. He is moving quickly, but higher uncertainty is the new norm. Although, there are signs that his threat of stringent US tariffs on Asian and particularly Chinese imports, which had […]
Inflection point approaching? With Trump now re-installed as US President, we are starting to see how his much talked about policy agenda is shaping up. He is moving quickly, but higher uncertainty seems to be the new norm. Although, there are signs that his threat of stringent US tariffs on Asian and particularly Chinese imports, […]
Form is temporary, class is permanent The unique nature of Lindsell Train Investment Trust’s (LTI’s) structure has weighed on its performance over the past four years, after it had enjoyed sustained and monumental success over the preceding two decades. Firstly, the active management approach that is the hallmark of Lindsell Train funds, which is centred […]
Form is temporary, class is permanent The unique nature of Lindsell Train Investment Trust’s (LTI’s) structure has weighed on its performance over the past four years, after it had enjoyed sustained and monumental success over the preceding two decades. Firstly, the active management approach that is the hallmark of Lindsell Train funds, which is centred […]
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 […]
