Sectors

Investing in property debt

Property – Debt

Baillie Gifford China Growth recovery reaches “significant milestone”, beating its index over three years

A difficult first half to its financial year has not stopped Baillie Gifford China Growth (USA) from continuing to reverse the poor performance inflicted on shareholders since the former Witan Pacific appointed Baillie Gifford to run it as a China fund six years ago. After two strong years of 38.8% and 35.4% investment returns, the […]

Baillie Gifford US Growth versus Saba: Find out why shareholders should vote for the future of this unique trust

Baillie Gifford US Growth (USA) is under threat from Saba Capital once again. Ahead of the annual general meeting on 23 October when the activist hedge fund will for a third time attempt to replace the investment trust’s board, shareholders have two opportunities to learn why they should oppose the takeover of their unique fund. […]

Cybersecurity ETFs rally as investors add €156m in a week

European-listed cybersecurity ETFs attracted €155.9m of net inflows in the week to 18 September, as several funds tracking the theme featured among the strongest-performing equity ETFs. Trackinsight figures, published by ETF Express on 21 September, showed the theme attracted more money than global infrastructure and biotechnology and genomics, which gathered €76.4m and €47.2m respectively. WisdomTree […]

Strategic Equity Capital says its software companies are AI resilient after “SaaSpocalypse” flattens annual return

Strategic Equity Capital (SEC) has reported a difficult year to 30 June. After seeing 78% of shareholders hold on to their shares in last October’s 100% tender offer, the company was hit in the first half of this year by a double whammy of Middle East turbulence and the sell-off of software and data companies […]

Morning briefing: Brown Advisory US Smaller strategic review continues; Tritax Big Box completes Symmetry Park for Amazon

Brown Advisory US Smaller Companies (BASC), the £171m investment trust that launched a strategic review in July after underperforming its benchmark over five years, has published annual results showing an investment return of 24.5%. Despite the strong absolute performance, it again lagged the Russell 2000 index which rallied an “impressive” 45.7%, ahead of US large […]

AI boom drives 65% return for Pacific Horizon

Pacific Horizon Investment Trust (PHI) delivered a 65.1% NAV total return in the year to 31 July 2026, almost 30 percentage points ahead of its benchmark, as its exposure to Asian semiconductor and artificial intelligence companies paid off. The performance represented a dramatic turnaround from the previous financial year, when PHI’s NAV return of 8.3% […]

Foresight Solar accelerates strategic review as NAV falls

Foresight Solar Fund (FSFL) has stepped up its efforts to address its persistent discount to NAV, with the board saying change needs to be accelerated and that it is considering all strategic options to maximise shareholder value. The comments accompanied half-year results showing NAV per share fell 4.3% from 99.2p at the end of December […]

Target Healthcare delivers best annual return since IPO

Target Healthcare REIT (THRL) has delivered its best annual financial performance since launching in 2013, helped by inflation-linked rental growth, rising property values and profitable asset sales. The specialist care home investor generated a total accounting return of 12.0% in the year to 30 June 2026, up from 9.3% last year. EPRA net tangible assets […]

Morning Briefing: ORIT takes £30m wind valuation hit; Glenstone closes in on AIRE delisting threshold

Octopus Renewables Infrastructure Trust (ORIT) reported a NAV total return of -5.0% for the first half of 2026 after a review of expected generation from its onshore wind assets knocked £30.4m off valuations. NAV per share fell from 93.8p to 86.2p, also reflecting lower long-term power price forecasts and higher discount rates. However, underlying cash […]

New City High Yield delivers double-digit NAV return and maintains dividend growth

CQS New City High Yield Fund (NCYF) delivered a NAV total return of 10.2% for the year to 30 June 2026, while its share price returned 10.1%. NAV per share edged up to 48.55p from 48.37p, while the shares ended the period at 51.80p, leaving the trust trading at a 6.7% premium. That premium allowed […]

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Property – Debt