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 […]
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 […]
Cash covered, growing, double-digit yield NextEnergy Solar Fund (NESF) has seen its share price derate significantly during the last two years (its manager comments that this has been 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 […]
AI captain Polar Capital Technology’s (PCT’s) manager contends that it has never been a better time to be an active manager in the artificial intelligence (AI) driven technology sector, with potential winners diversifying from the magnificent seven (Mag7) technology stocks (a group of seven major technology companies that have demonstrated significant influence and performance in […]
AI captain Polar Capital Technology’s (PCT’s) manager contends that it has never been a better time to be an active manager in the AI-driven technology sector, as it sees potential winners diversifying from the ‘Magnificent 7’ technology stocks to a range of sectors and companies. Reflecting this, the fund’s active share is as large at […]
AI captain Polar Capital Technology’s (PCT’s) manager contends that it has never been a better time to be an active manager in the AI-driven technology sector, with potential winners diversifying from the Mag7 technology stocks to a range of sectors and companies. Reflecting this, the fund’s active share is as large at 50% as it […]
“Vote against Saba” to protect your investment Herald Investment Trust (HRI) closed-end structure allows its manager to take a long-term view and buy into what it believes are up-and-coming technology stocks at an early stage of their development, with the aim of providing its shareholders with a differentiated source of alpha. Saba Capital’s recent attempt […]
Vote against Saba to protect your investment Herald Investment Trust (HRI) exemplifies the benefits of the closed-end structure, allowing its manager to take a long-term view, thanks to its permanent pool of capital, and tap into up-and-coming technology stocks at an early stage of their development, thus providing its shareholders with a differentiated source of […]
Vote against Saba to protect your investment Herald Investment Trust (HRI) exemplifies the benefits of the closed-end structure, allowing its manager to take a long-term view and tap into up-and-coming technology stocks at an early stage of their development, thus providing its shareholders with a differentiated source of alpha. We believe that Saba Capital’s recent […]
January Monthly | Investment companies Kindly sponsored by abrdn Winners and losers in December 2025 The US central bank, the Federal Reserve, cut interest rates by 0.25% in December but the accompanying message was that the inflation outlook for 2025 was worse than earlier estimates. Investors took that to mean that there would be fewer […]
