magazine archive
magazine archive
Investment Trusts
Second time lucky for music investor Hipgnosis Songs Fund?
Thursday 05 Jul 2018It has been a year since Hipgnosis Songs Fund first announced its intention to float on London’s Main Market. After a failed attempt to float last summer the trust is back again with a lower profile listing. The investment trust, which wants to take advantage of a shift from CDs to music streaming...
Are big investors becoming more confident in UK equities again?
Thursday 28 Jun 2018The main UK stock market indices have struggled this year and many of the biggest investors rank UK stocks as the most unpopular asset class. Is now the time to go against the grain and increase exposure, buying when others are uninterested? We believe it is. A survey by Bank of America Merrill...
New managers with old habits should keep Scottish American moving forward
Thursday 28 Jun 2018The relatively new management team at global income investment trust Scottish American Investment Company ( SCAM ) have high standards to meet given its impressive 38 years straight of dividend growth. Baillie Gifford’s James Dow and Toby Ross took over management from Dominic Neary less than a...
Power price declines put renewable trusts under pressure
Thursday 21 Jun 2018The spotlight has fallen on infrastructure investment trusts after two separate closed-end funds have come under fire from analysts at investment bank Stifel. It is negative on the immediate prospects for NextEnergy Solar Fund ( NESF ) and John Laing Environmental Assets ( JLEN ) largely because of...
Promising early signs from rebooted investment trust
Thursday 21 Jun 2018The first set of results to include a full 12 months’ trading since the merger of BlackRock Income Strategies Trust and Aberdeen UK Tracker make for positive reading at Aberdeen Diversified Income and Growth ( ADIG ) . The trust was launched in its current format in February 2017 and the latest...
The story behind this small cap investment trust’s consistent outperformance
Thursday 14 Jun 2018H enderson Smaller Companies Investment Trust ( HSL ) is managed with aplomb by Janus Henderson’s Neil Hermon. He has outperformed the Numis Smaller Companies benchmark in thirteen of the last fourteen financial years. Boasting £845m of assets under management, the trust aims to maximise...
The lowdown on Fundsmith’s popular emerging markets trust
Thursday 07 Jun 2018Save for three constituents, the trusts populating the Association of Investment Companies’ (AIC) Global Emerging Markets sector trade at discounts to net asset value (NAV), while the sector average discount stands at 11.2%. The most well-followed among retail investors among this premium-rated...
Delivering something different for investors
Thursday 31 May 2018Housed within the AIC’s Flexible Investment sector, Henderson Alternative Strategies Trust ( HAST ) exploits global opportunities not usually readily accessible in one vehicle to provide shareholders with long-term growth. The trust trades at a 17.3% discount to net asset value (NAV). Managed by...
Is a fund manager lazy if they rarely change their portfolio?
Thursday 24 May 2018Would you be happy if the manager of a fund in which you had a personal investment had only found three new investment ideas in the past seven years? That’s exactly the situation at Finsbury Growth & Income ( FGT ) , one of the best known investment trusts on the market. In such a situation,...
Investment trusts exposed to Argentina’s inflation, currency and interest rate problems
Thursday 17 May 2018Investors owning Latin America and emerging markets funds should check for any exposure to Argentina after the country lifted interest rates to a staggering 40% in a desperate attempt to prop up the peso and gain control over rampant inflation. Three investment trusts stand out for their notable...