magazine archive
magazine archive
Investment Trusts
Nine year chair cap overturned by AIC
Thursday 14 Feb 2019Investment company chairs will no longer be forced to step down after nine years on their boards. The Association of Investment Companies has persuaded the Financial Reporting Council, the accountancy regulator overseeing the UK Corporate Governance Code, that investment trusts are a special case...
Supermarket Income REIT shows benefits of inflation-linked leases
Thursday 14 Feb 2019For all the challenges facing the groceries sector, Supermarket Income REIT ( SUPR ) is continuing to show the defensive qualities of investing in supermarkets. The property portfolio comprises six sites, all of which have leases linked to retail price index (RPI) inflation. They are used by their...
Stifel gives thumbs-up to Worldwide Healthcare Trust
Thursday 14 Feb 2019Investment funds expert Stifel has turned positive on Worldwide Healthcare Trust ( WWH ) , a capital growth-focused pharmaceutical and biotechnology investor. ‘After the market volatility in the fourth quarter of 2018, some investors may be looking to reduce their portfolio cyclicality,’ argues...
Fund manager Nick Train reveals his winning investment formula
Thursday 14 Feb 2019Fund manager Nick Train is regularly in the spotlight thanks to the popularity of funds run by his investment company Lindsell Train such as Finsbury Growth & Income Trust ( FGT ) which has outperformed the FTSE All-Share in nine of the past 10 years. Despite generating significant returns for...
Temple Bar manager makes the case for value
Thursday 14 Feb 2019There has been a lot of talk in the market in recent years of value being out of favour and growth stocks firmly in the ascendancy. Investors have certainly been prepared to pay a premium price to secure exposure to rapidly expanding companies or at least those who are perceived to be growth...
This fund makes money every time the songs it owns are played
Thursday 07 Feb 2019Investments uncorrelated to the market are increasingly sought by individuals looking to diversify their portfolio during volatile times. That might explain why investment trust Hipgnosis Songs Fund ( SONG ) is currently trading at a premium to the value of its assets. It owns the rights to certain...
Greencoat UK Wind regales market with news of material acquisition
Thursday 07 Feb 2019Greencoat UK Wind ( UKW ) plans to buy stakes in two wind farms from SSE ( SSE ) for £452m. It also plans to issue new shares at a 5.1% discount to its closing price on the night before the announcement to raise up to £131m. ‘These are significant acquisitions for Greencoat UK Wind with the...
Phoenix Spree boosts rents and values
Thursday 07 Feb 2019German residential property investor Phoenix Spree Deutschland ( PSDL ) seems able to brush off the country’s economic struggles after it reported a 14% increase in the value of its portfolio during 2018. Its focus on a relatively buoyant Berlin property market also delivered strong rental growth...
The benefits of highly-diversified investment trusts
Thursday 07 Feb 2019Given the return of equity market volatility, the threat to global growth from trade wars as well as political uncertainties, portfolio diversification should be front of mind for the savvy investor and there is plenty on offer in the investment trust space. Investors can put money to work with...
Murray International shares near a two-year high premium
Thursday 07 Feb 2019Global equity income trust Murray International ( MYI ) is trading at close to a two-year premium to net asset value. The trust holds total assets worth more than £1.4bn, or approximately £11.05 per share, and trades on a stock price of £11.72 for a premium of around 6%. This compares with an...