Home REIT (HOME) says the Financial Conduct Authority (FCA) has closed its investigation and intends to take no further action against the company that remains the subject of a Serious Fraud Office probe. The news come more than two-and-a-half years after the City regulator announced in February 2024 that it had begun an investigation into […]

Duke Capital (DUKE), the high-yielding AIM-listed business lender, has issued a trading update after its share price fell 18% yesterday. DUKE shares slid 4.8p from 26.3p to 21.5p on Tuesday after a post on bulletin board ADVFN highlighted the latest loss-making 2025 accounts of Intec Business Holdings. This morning they shed 0.5p in early trading […]

Indonesia has moved to overhaul its main stock market index after MSCI threatened to remove the country from its emerging-market classification, potentially forcing ETFs tracking its indices to sell billions of dollars of Indonesian shares. The Indonesia Stock Exchange has announced plans to exclude around 80 companies with highly concentrated share ownership from the Jakarta […]

Great Portland Estates (GPE) plans to redevelop its Soho Square Estate. The 90,000 sq ft development will include 75,000 sq ft of high-quality Grade A offices and 15,000 sq ft of prime retail space fronting Oxford Street. Demolition is expected to commence shortly, with completion targeted for summer 2030. Piers Blewitt, GPE’s director of development […]

River UK Micro Cap (RMMC) has reappointed Liontrust as investment manager after securing the services of two of its best-known fund managers, Anthony Cross and Hugh Sergeant, on a sharply reduced fee. RMMC had been expected to follow George Ensor and Mayan Uthayakumar who announced in July they were leaving Liontrust to join Jupiter Asset […]

Silence Therapeutics, one of the few UK-based holdings of International Biotechnology Trust (IBT), has been acquired by German drugs giant Merck for $1.3bn cash. News of the agreed deal yesterday saw Silence’s US Nasdaq-listed shares soar 125%, or $10.90, to $19.58, just below the $20 shareholders will receive when the deal closes early next year. […]

CT UK Capital and Income has changed its name to CT Progressive Income (with an unchanged ticker of CTUK) as it looks to raise its profile with a new target of paying dividends ahead of inflation. The £327m, 3.7%-yielding investment trust is an Association of Investment Companies’ “dividend hero” having consistently increased its pay-outs each […]

LondonMetric Property (LMP) has exchanged on the sale of the first office it bought in the joint takeover of Picton Property Income with Schroder Real Estate (SREI) last month. The all-share bid brought in £307m of assets for LMP, 83% of which are in its core area of logistics warehouses, and £24m cash. In a […]

Montanaro European Smaller Companies (MTE) has launched its third tender offer in 16 months, giving shareholders the opportunity to sell 5% of its shares back to the company at a 5% discount to net asset value (NAV). Shares in the £202m investment trust managed by George Cooke and Stefan Fischerfeier currently stand 8.7% below NAV. […]

Primary Health Properties (PHP) is to release £500m of cash for debt repayment after forging a joint venture (JV) with Singaporean sovereign wealth fund GIC. The 50-50 strategic partnership will invest in private hospital infrastructure with PHP serving as property and asset manager.  PHP will seed the JV with its portfolio of 27 private hospitals […]

US Solar Fund (USF) has given its potential buyer a second extension to complete due diligence on a portfolio whose 42 assets it has been assessing for five months. The £115m investment trust, whose portfolio was stabilised by Amber Infrastructure Group when it replaced New Energy Solar Manager as investment adviser in December 2023, said […]

AVI Japan Opportunity Trust (AJOT) has launched its third uncapped annual tender offer, giving shareholders a chance to sell all their shares at a 2% discount to the value of its investments if they wish. Given the shares currently stand around 2% below net asset value (NAV), there is likely to be limited demand for […]

Saba Capital’s Boaz Weinstein and former Devon Equity Management chief executive Richard Pavry have joined the board of SDCL Efficiency Income Trust (SEIT). At a general meeting last Thursday Weinstein and Pavry were appointed as non-executive directors with just over 84% of votes on a 42.5% turnout. The £374m investment trust was put into managed […]

Janus Henderson has launched a US equity ETF with a total expense ratio (TER) of 0%, entering the increasingly competitive market for low-cost passive investment products. The Janus Henderson US Large Cap Equity Core UCITS ETF (J501) listed on the London Stock Exchange on 9 October and tracks the Solactive GBS United States 500 Index, […]

Schroder Oriental Income Fund (SOI) has been shortlisted in the Best country / regional / emerging category of QuotedData’s 2026 Investors’ Choice Awards. With voting now underway, we take a closer look at what makes this Asian equity income trust stand out and why it might deserve your vote. Asia is home to some of […]

Interview with Brown Advisory, EdgePoint and Sands In our latest edition of The Big Question, Mick Dillon, Tye Bousada and Danielle Menichella delve further into the realm of AI to discuss where AI disruption is likely to emerge, which industries could be the biggest winners and losers, and whether the market is getting the AI […]

Caution towards the surge in technology stocks by the managers of Fidelity Asian Values (FAS) saw the £377m Asia Pacific smaller companies investment trust underperform in the year to 31 July. Although Fidelity’s Nitin Bajaj and Ajinkya Dhavale did very well holding Taiwanese chip giant TSMC as their  biggest position, a decision to underweight tech […]

JPMorgan UK Small Cap Growth & Income (JUGI) has reported a year of underperformance ahead of its merger with Aberdeen UK Smaller Companies Growth (AUSC). A lack of mining stocks and the AI sell-off in software stocks were the main factors in the £419m investment trust’s 7.2% investment return lagging the 9.8% gain in the […]

Finsbury Growth & Income (FGT), the underperforming UK equity income trust run by Nick Train, had a “challenging” September with net asset value (NAV) and the share price falling 7.9% and 7.8% against a 1.9% decline in the FTSE All-Share index. Despite that, both NAV and shares outperformed in the third quarter with respective gains […]

European investors have poured $12.3bn into unhedged Japanese equity ETFs so far this year, signalling a striking shift in attitudes towards the yen as demand for exposure to Japan’s stock market accelerates. The figure represents 82% of the $14.9bn in net inflows recorded by Japan-focused UCITS ETFs during the eight months to the end of […]

Updated with comments from fund manager Mark Boggett. Seraphim Space (SSIT) has declared 2025/26 a “watershed” year after the portfolio of mostly private space technology companies more than doubled with a 39.7% gain in the fourth quarter rounding off an exceptional 12 months. Annual results show net asset value (NAV) per share increased by 102.9% […]

Mercantile (MRC), the £1.7bn UK mid-cap investment trust run by JP Morgan, is parting company with Anthony Lynch, its co-manager for 14 years. Lynch will step down at the end of the month to take up “new responsibilities” at JPMorgan Asset Management. Manasij (“Manny”) Hajra, co-manager of the JPM UK Equity Growth open-ended fund, will […]

Workspace Group (WKP), the flexible office provider that in July beat off an attempt by activist Saba Capital to replace its board, says the additional £100m of disposals it identified in its defence strategy will not be achieved by its original timetable of March 2027. Charlie Green, the chief executive appointed eight months ago, said […]

Systematic investment strategies are attracting almost twice as much money as traditional discretionary stock pickers in Europe’s rapidly expanding active equity ETF market, according to new figures from Morningstar. Systematic active equity ETFs attracted €12bn of net inflows during the first nine months of 2026, compared with €6.7bn for discretionary strategies. Systematic funds use quantitative […]

Octopus Renewables Infrastructure (ORIT) has committed £34.6m to the purchase and construction of a solar park in West Yorkshire as the 10%-yielder looks for growth investments to boost its annual returns under last year’s five-year plan. Bought from OnPath Energy, a leading onshore solar developer, the 55 MWp Barnsdale Solar Park is expected to generate […]

A trading update from Schroder Real Estate (SREI) shows the real estate investment trust has completed nine new lettings over the past two months as its joint acquisition of Picton Property completed. Although SREI will not comment in detail on the impact of the £404m all-share bid with LondonMetric (LMP) that completed on 11 September […]

Vietnam Holding (VNH), the £60m investment company managed by Dynam Capital, saw 14.7% of its shares tendered in its third annual redemption facility. Shareholders who sold will receive 371.45p per share with payments expected to be made around 21 October. This will leave the company with 15.7m shares in issue with a further 1.1m held […]

Scottish Oriental Smaller Companies (SST) has scrapped plans for a 25% tender offer and launched a strategic review that could see it merge with a rival. Following consultation with some of its largest shareholders, the biggest of which is discount hunter City of London Investment Management with a 17% stake, the £315m Asia small-cap trust […]

Lindsell Train (LTI) believes its shareholders have demonstrated “continued confidence” in the investment trust after a 20% tender offer was over-subscribed with 32.5% of shares put up for sale. Nearly 6.5m shares were validly tendered in the offer announced last month and approved by shareholders last Thursday, giving them the chance to sell shares at […]