magazine archive
magazine archive
Investment Trusts
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...
Three investment trusts to play the rising oil price
Thursday 17 May 2018Oil prices are heading towards the $80 mark as armed conflict between Iranian and Israeli forces follows hot on the heels of the US president Donald Trump’s decision to exit the Iran nuclear deal. Investors looking to benefit from the oil price surge have the option of investing in individual...
This investment trust has a really clever way of picking stocks
Thursday 10 May 2018Have you ever wondered how a fund manager picks a stock? Some investment trusts and funds run screens on equity valuations, income statements and balance sheets. Others may place greater emphasis on meeting management and deciding whether they like the story or not. Occasionally you find an asset...
What has gone wrong at Woodford Patient Capital?
Thursday 10 May 2018Investors are having to be very patient with star fund manager Neil Woodford’s Woodford Patient Capital ( WPCT ) investment trust. A patchy track record since its launch in April 2015 sees the trust languishing at a 7.5% discount to net asset value (NAV). The particularly poor performance over the...
Will infrastructure funds come back into favour?
Thursday 03 May 2018Infrastructure has been a favourite among investors and politicians alike. Investors like the high yields on offer while politicians prefer to wax lyrical on infrastructure projects and spending at election time as they are usually linked with job creation. Unfortunately infrastructure funds –...
Why many investment trusts are abolishing performance fees
Thursday 26 Apr 2018Management and performance fees may not be the most important consideration when weighing up the merits of particular investment trust, but they are certainly key. The greater the costs of a fund, the harder your investments have to work to generate a positive return. Investment companies pay a fee...