magazine archive
magazine archive
Investment Trusts
Discover high-yielding share-focused investment trusts
Thursday 24 Apr 2025When markets are volatile and the value of your portfolio is moving around on a day-to-day basis there can be some comfort to take from investments which offer a steady stream of income. The problem is, dividends can sometimes cut or cancelled in the face of uncertainty. Investment trusts, also...
How investment trusts can use gearing to enhance returns
Thursday 10 Apr 2025This article looks at investment trusts and gearing, specifically the ability of trust managers to borrow money to invest. With the help of industry body the Association of Investment Companies, we have crunched some data on gearing levels in the investment trust universe. Overall the average...
Investment trusts are bowing to shareholder pressure
Thursday 03 Apr 2025Investment trusts are in the spotlight after Saba Capital’s high-profile campaign put boards under extra pressure to address persistently wide discounts to net asset value (NAV) across the sector. The positive news is boards are responding, taking action to make their trusts more shareholder-...
Why Alliance Witan is well positioned to outperform
Thursday 27 Mar 2025A big takeaway from 2024 was the big uptick in investment trust consolidation. It was a record year for mergers in the sector and the landmark deal was the combination between Alliance Trust and Witan to form Alliance Witan (ALW) . Completed in October, the merger created a global sector giant with...
Revealed: the best performing investment trusts so far in 2025
Thursday 20 Mar 2025So far 2025 is shaping up to be an unpredictable and difficult year for investors, but for one part of the financial markets there has been some positivity. Last October, investment trusts were languishing at an average discount to NAV (net asset value) of 17%, the largest since the financial...
Continuation votes are back on the agenda as investment trusts aim to appease investors
Thursday 06 Mar 2025With Saba Capital having turned the spotlight on a handful of underperforming investment trusts, there is now a wave of activity as other trusts look for ways to reduce the persistent discount to NAV (net asset value) which has dogged the asset class. Some have introduced ‘discount control’...
How ‘all-weather’ global trust Brunner can get back on track
Thursday 20 Feb 2025With more than half a century of unbroken dividend hikes under its belt, Brunner (BUT) aims to provide long-term growth in capital and dividends by investing in global and UK equities with an ‘all-weather’ approach designed to adapt to different market conditions. To achieve this resilience, co-...
Why Nick Train is excited about digital winners, the domestic stock market and drinks giant Diageo
Thursday 06 Feb 2025With a sense of anticipation Shares scurried along to Finsbury Growth & Income Trust’s (FGT) latest AGM (annual general meeting) at London’s Guildhall on a wet and windy day (28 January), where shareholders turned up in droves and one or two left the assembled board members squirming in their...
Saba loses first round as Herald shareholders vote down resolutions
Thursday 30 Jan 2025On 22 January, as Shares was preparing to go to print, the board of Herald Investment Trust (HRI) announced all of the resolutions put forward by activist investor Saba Capital had been defeated. The meeting was a first test of whether shareholders would stand by the boards of the trusts called out...
Discover the best and worst investment trusts in 2024
Thursday 19 Dec 2024Investment trusts have experienced challenges this year, with discounts remaining wide across various sectors and some consolidation occurring. However, certain trusts have performed well compared to both the wider market and their peer group. This article highlights the top performers across four...