JP Morgan American : JAM managed to raise the most money last week by issuing just over £6m worth of shares. Acorn Income did a trade whereby it issued and then immediately repurchased £9m worth or ordinary shares and zeros. The repurchased stock is being held in treasury. Doing a trade like this makes the administration easier for Acorn to drip stock into the market to satisfy demand. Other notable issuer of stock were:
Alcentra European Floating Rate Income : AEFS which raised £4.6m
City of London : CTY which raised £2.3m
Finsbury Growth & Income : FGT which raised £1.7m
Bankers : BNKR which raised £1.3m
The fund that shrank most last week was, once again, Personal Assets : PNL which bought back £2.6m of stock.
Other notable repurchasers of stock were:
Bluecrest All Blue : BABS – £2.1m
SVG Capital : SVI – £1.6m
Fidelity China : FCSS – £941,000
Templeton Emerging Markets : TEM – £717,000
JP Morgan Indian : JII – £480,000