magazine archive
magazine archive
Investment Trusts
Supermarket Income REIT snaps up Tesco store
Thursday 02 May 2019In the same week that British Land ( BLND ) sold 12 Sainsbury’s ( SBRY ) stores for £429m, specialist investor Supermarket Income REIT ( SUPR ) inked a £45m deal to buy a Tesco Extra supermarket in Mansfield. While British Land’s decision was seen as a sign of the diminishing appeal of supermarkets...
Income letdown from Aberdeen Standard European Logistics
Thursday 02 May 2019The income yield target of Aberdeen Standard European Logistics Income ( ASLI ) has been trimmed just 15 months after its launch. Initially pitched at 5.5% based on its 100p IPO price in December 2017, the investment trust has cut that target to 5% after talks with its largest shareholders,...
What change at the top means for RIT Capital Partners
Thursday 02 May 2019Lord Rothschild is stepping down as chairman and director of RIT Capital Partners ( RCP ) and will take up the role of president, maintaining his active involvement with the trust he founded. This follows several years of succession planning at RIT, a trust focused on long-term capital growth...
Why the experts are excited about investing in regional offices
Thursday 25 Apr 2019Anyone visiting or living in London will be aware that office blocks continue to spring up all over the place, with the skyline dominated by cranes as developers press ahead with new projects. But if you move outside the M25 the story is very different as we explain in this article. We’ve spoken to...
Baillie Gifford UK Growth brushes off portfolio disappointments
Thursday 18 Apr 2019Since Baillie Gifford took over the running of the trust from Schroders in 2018 Baillie Gifford UK Growth ( BGUK ) has enjoyed a strong performance. In share price terms, the trust is the UK’s best performer across the entire Association of Investment Companies UK All Companies grouping, over the...
AEW UK Long Lease hit by tenant collapse
Thursday 18 Apr 2019Commercial investment property owner AEW UK Long Lease REIT ( AEWL ) has served notice on its manager and may put the company up for sale after its biggest tenant, Meridian Metal Trading, fell into administration. The board is considering ‘all options’ from issuing shares to selling the company or...
BlackRock Latin American eyes spicier strategy
Thursday 18 Apr 2019New managers at BlackRock Latin American Investment Trust ( BRLA ) are rethinking strategy to widen geographic reach and be less conservative on stock selection. Will Landers left the trust after 13 years in December having beaten its MSCI Latin American benchmark in net asset terms in eight of the...
Hipgnosis is striking a chord
Thursday 18 Apr 2019Musical rights investment firm Hipgnosis Songs ( SONG ) is issuing £100m in fresh equity for further acquisitions and ‘to satisfy demand for new shares from existing shareholders’. Since its IPO in 2018 the fund has acquired catalogues with a total value of £234m. Earlier this month it picked up a...
Investment trusts offer a way of accessing firms that stay private for longer
Thursday 04 Apr 2019Many of the world’s most exciting businesses are not yet listed on a stock exchange, but that doesn’t mean investors can’t get exposure to this part of the universe. A number of investment trusts have holdings in unlisted (also known as unquoted) companies, giving you plenty of options as we...
Elect to stay invested and ride out ups and downs
Thursday 28 Mar 2019Investors of a certain vintage will recall the stock-market adage, ‘Sell in May and go away, don’t come back until St Leger Day’. The saying is based on the belief that returns during the summer months are negative so you should ‘time’ the market by selling out completely at the beginning of May...