Please click on the link above to access our initiation note on Pacific Horizon. Pacific Horizon (PHI) is unashamedly a growth fund and its Asia-focused portfolio has significant overweight exposures to technology and biotechnology. However, it would appear that, investors are shying away from Asia because of weak Chinese growth and are seeking safety in […]
Altin – A vessel for volatile seas? – is the title of the annual review note from Marten & Co published in March 2016. The last twelve months appear to have been good for Altin. Its NAV has grown 5.0%, providing support for its stance that it offers a lower volatility solution with distinctly different […]
Please click on the link above to read our latest research report on Altin The last twelve months appear to have been good for Altin. Its NAV has grown 5.0%, providing support for its stance that it offers a lower volatility solution with distinctly different sources of return, and its discount has narrowed, boosting share […]
Central Asia Metals – Dividend-paying, low-cost copper producer. Central Asia Metals (CAML) recorded a profit in its first year of operation (2012) and has remained profitable ever since. It has paid a dividend each year from cash earnings, something of a novelty for a junior mining company and has returned to shareholders all the funds […]
Premier Energy & Water – It’s a £24m rollover! Please click on the link to read Marten & Co’s latest research report on Premier Energy & Water (Now Premier Global Infrastructure – PGIT) On 31 December 2015, Premier Energy & Water Trust (PEW) issued £24.1m of new Zero Dividend Preference shares (ZDPs) to partially refinance […]
Please click on the link above to read our latest research report on Premier Energy & Water On 31 December 2015, Premier Energy & Water Trust (PEW) issued £24.1m of new Zero Dividend Preference shares (ZDPs) to partially refinance its 2015 ZDP issue that matured that day. Following this transaction, its borrowings are significantly less […]
Henderson Global Trust – Searching for change Marten and Co publishes its first initiation of coverage note on Henderson Global Trust The company underwent a voluntary winding-up and rollover into Henderson International Income Trust and or The Bankers Investment Trust. Both companies are managed by Janus Henderson Investors. Henderson Global Trust was one of the smaller members of the […]
Henderson Global Trust is one of the smaller members of the AIC’s global sector, which gives its manager the option to look further down the market cap scale. Its more moderate size hasn’t inflated overall costs. The trust, which pays quarterly dividends, offers one of the highest yields in its peer group, whilst trading at […]
GLI Alternative Finance – Off and running Marten and Co publishes its first initiation of coverage note on GLI Alternative Finance (GLAF) The company IPO’d on 23 September 2015 with assets of £52m. One month later the issue proceeds were fully invested. The first monthly dividend will be declared in November for payment in December (the […]
GLI Alternative Finance (GLAF) IPO’d on 23 September 2015 with assets of £52m. One month later the issue proceeds were fully invested. The first monthly dividend will be declared in November for payment in December (the target is an annualised 8% yield on the issue price). The company is eager to grow and has a […]
We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 4 November 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be out of date for […]
Seneca Global Income & Growth Trust – Low volatility and growing income Marten and Co publishes its first initiation of coverage note on Seneca Global Income & Growth Trust (SIGT) In recent years Seneca Global Income & Growth has delivered returns ahead of the average of its peer group and ahead of comparable indices and […]
In recent years Seneca Global Income & Growth has delivered returns ahead of the average of its peer group and ahead of comparable indices and with markedly lower volatility than both. The dividend, which is paid quarterly, is climbing steadily as is the fund’s revenue reserve. The manager’s multi-asset value investing approach is delivering on […]
Fidelity Changes! Welcome to the first edition of Marten & Co’s regular publication. This edition takes a look at Fidelity and recent developments in three of its investment trusts – Fidelity Asian Values, Fidelity Japanese Values and Fidelity Special Values. Special feature: New manager Nitin Bajaj settles in at Fidelity Asian Values Fidelity Asian Values invests in the stock […]
Fidelity Changes! Welcome to the first edition of what will be a regular publication. This edition takes a look at Fidelity and recent developments in three of its investment trusts – Fidelity Asian Values, Fidelity Japanese Values and Fidelity Special Values. Special feature: New manager Nitin Bajaj settles in at Fidelity Asian Values
October Warrants and subscription shares We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the afternoon of 2 October 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be out […]
Altin – Extra protection added for uncertain times Market volatility has increased over the last few weeks. Over the six months or so since we wrote our last note on Altin, the managers have been increasing the weighting to Protection Strategies, in anticipation of such a development. This has contributed to Altin’s performance lead over […]
Market volatility has increased over the last few weeks. Over the six months or so since we wrote our last note on Altin, the managers have been increasing the weighting to Protection Strategies, in anticipation of such a development. This has contributed to Altin’s performance lead over rivals. AIA : Altin – Extra protection added […]
Edinburgh Dragon – Focused on Quality Marten and Co publishes its first initiation of coverage note on Edinburgh Dragon (EFM) Edinburgh Dragon (EFM) has some natural advantages as the largest and one of the most liquid Asian investment companies. Its focus on buying high quality companies at attractive valuations appears to have served it well […]
Edinburgh Dragon (EFM) has some natural advantages as the largest and one of the most liquid Asian investment companies. Its focus on buying high quality companies at attractive valuations appears to have served it well over the long term but in recent years its performance has lagged its peer group. However, the manager believes current […]
September warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 2 September 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be […]
August warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 3 August 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be […]
Premier Energy & Water – three years later in a new league Please click on the link to read Marten & Co’s research report on Premier Energy & Water Three years ago, James Smith joined the team managing Premier Energy and Water Trust (PEW). His appointment was followed by a seismic shift in approach, which […]
Please click on the link above to read our latest research report on Premier Energy & Water Three years ago, James Smith joined the team managing Premier Energy and Water Trust (PEW). His appointment was followed by a seismic shift in approach, which has led to a significant uplift in performance as well as an […]
Strategic Equity Capital – Measured expansion on strong performance. Please see our latest research on Strategic Equity Capital Strategic Equity Capital’s strong performance compared to both its rivals and comparable UK indices has increased in recent months. This good performance and inclusion in UK indices are fuelling demand for the trust, pushing up the premium. […]
June warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 1 June 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be out […]
May warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 1 May 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be […]
Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]
A falling population, enormous government debt, low to no growth, persistent deflation; this is not most people’s idea of the recipe for attractive investment returns. While they disagree on the impact of government efforts to kick-start the economy, the investment managers of investment companies specialising in Japan believe many Japanese companies can thrive regardless. Japan
April warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 2 April 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be out […]
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