magazine archive
magazine archive
Investment Trusts
What should investors do with Scottish Mortgage?
Thursday 25 Jan 2024For the first time in years Scottish Mortgage Investment Trust (SMT) investors are contemplating selling up and moving on. Over the past month, it is the most sold investment trust on the AJ Bell platform, accounting for 14.6% of all trust sales. This is almost unheard of, and it is meaningful too...
The investment trusts which left their rivals in the shade in 2023
Thursday 21 Dec 2023It has been a difficult year for investment trusts as a whole. Discounts have widened across various sectors and there have been a series of failed continuation votes and mergers. Yet some trusts have still done extremely well - relative both to the wider market and their peer group. In this...
Beware of the trusts bearing big discounts
Thursday 23 Nov 2023It is the best of times, and the worst of times for investment trust fans. Discounts are at their widest since the financial crisis, at an average of 16.9%, according to data compiled in early November by the Association of Investment Companies. That’s not good news for anyone looking to sell out,...
Expect 2024 to see more mergers of sub-scale investment trusts
Thursday 16 Nov 2023We would hesitate to call it a wave of consolidation – maybe a ripple would be more appropriate – but this year has seen a number of mergers among investment trusts. There is a long tail of sub-scale funds and trusts in the UK all desperate to attract more investors, but with the average discount...
What is a continuation vote and why does it matter to investors?
Thursday 09 Nov 2023Unless they own shares in investment trusts, most readers probably will not have heard of the phrase ‘continuation vote’, and there is a chance a good many who do own investment trusts may be unfamiliar with them too. However, as the recent ups and (mostly) downs at music royalty fund Hipgnosis...
What a change of management means for investors in popular trust Mid Wynd
Thursday 05 Oct 2023MID WYND INTERNATIONAL AIC Sector – Global Ticker – MWY Share price – 717p Discount to NAV – 1.5% Dividend yield – 1.1% Ongoing charges – 0.61% Source: The AIC, Artemis As highlighted in our ‘funds with stamina’ story on 31 August , one of the investment trusts that has achieved at least a 6% total...
What investment trust boards are doing to address wide discounts
Thursday 21 Sep 2023According to data from the AIC, the average investment trust discount to net asset value has widened from 12.2% at the end of 2022 to 14.5% as of 8 September 2023, while sector averages have generally widened. The exception is private equity, which narrowed from 25.1% to 4.5%, skewed by 3i’s (III)...
Why investment trusts invested in bonds could be worth a look
Thursday 21 Sep 2023The surge in bond yields as inflationary pressures pushed central banks to move interest rates sharply higher has created an opportunity for investors. Just how generous is this income stream though and how do the potential returns from investing in bonds and credit compare with cash? Or put more...
How concern over private holdings has pushed RIT Capital’s discount to 20%
Thursday 24 Aug 2023Questions have been raised over RIT Capital’s (RCP) capital preservation credentials of late thanks to its exposure to private investments. The shares have notably underperformed those of rival trusts and the discount to NAV (net asset value) has widened significantly. In this article we look at...
Find out how JPMorgan Global Growth & Income is performing ahead of the pack
Thursday 03 Aug 2023Latest statistics from the Association of Investment Companies’ Global Equity Income sector shows one trust is by far the best 10-year share price total return performer thanks to impressive asset growth and strong investor appetite for its winning strategy. JPMorgan Global Growth & Income (...