magazine archive

magazine archive

Investment Trusts

International Biotech looks for M&A booster shot

Thursday 22 Jul 2021

When Kate Bingham, managing partner of SV Health Managers LLP was appointed chair of the UK Vaccine Task Force by the Government, it made life awkward for the team managing the International Biotechnology Trust ( IBT ) . That’s because Bingham oversees the unquoted part of the portfolio,...

Why don’t investment trust prices move in line with net asset value?

Thursday 01 Jul 2021

Have you ever bought an investment trust only for the share price to fall by a greater amount than the decline in its net asset value? There is often a good reason why the shares are reacting in that way. The structure of investment trusts, which sees their shares traded on the stock market, means...

More investment trusts look to invest in private companies

Thursday 17 Jun 2021

Despite the many thousands of stocks listed around the world, a rising number of investment trusts are looking to add or increase their exposure to unlisted companies as more businesses stay private for longer. Baillie Gifford UK Growth ( BGUK ) is one such trust, and in August will seek...

Managers with large ‘skin in the game’ outperform those without it

Thursday 17 Jun 2021

When you invest in a fund or investment trust you are putting your hard-earned cash in the hands of a professional fund manager and asking them to make decisions on what to do with it. Knowing that said professional has at least a portion of their own wealth tied up in the fund offers a level of...

How the ‘Heineken Index’ can refresh your returns

Thursday 10 Jun 2021

Since the Covid bottom in March 2020, London’s FTSE 100 has rebounded by 36% to 7,061.78 points, but the FTSE 250 has rallied an even more impressive 67.8% to 22,813.47 and this index of ‘second liners’ is testing new highs. Mid cap companies are attractive to investors for a variety of reasons;...

Flexible investment trusts can protect you against inflation

Thursday 03 Jun 2021

Moving up and down is hard-wired into the stock market but 2021 has, so far, been particularly volatile. Year-to-date the UK’s benchmark FTSE 100 index has on four occasions slumped around 2.5% in a single day, while twice ripping higher by similar-sized advances. Moves of more than 1% in either...

How to analyse property-focused investment trusts, aka REITs

Thursday 20 May 2021

Real estate investment trusts, or REITs for short, launched in the UK in 2007 and there are now more than 50 of these vehicles listed on the London Stock Exchange. In effect a REIT looks to replicate the experience of holding property directly for an investor. The average person can only afford to...

Exciting unquoted companies on offer through investment trusts

Thursday 06 May 2021

The problem many investors have with IPOs (initial public offerings) is that much of the big value creation has already been had as a private company. Take THG ( THG ) , for example, a stock investors piled into in their thousands once it hit public markets. Launched in 2004 by founder Matthew...

The next generation of Scottish Mortgage stars

Thursday 29 Apr 2021

After the roaring success of investment trust Scottish Mortgage ( SMT ) in 2020, fueled by the rocketing share prices of firms such as Tesla and Amazon, investors are wondering two things: has the good money already been made in the trust, and where are the next generation of winners going to come...

Follow Nick Train and buy quality ‘plodders’ while they’re on sale

Thursday 22 Apr 2021

For investors in quality growth companies, the first quarter of 2021 has been one of mixed fortunes. Some stocks have performed well, but many have drifted as investors have chased the rally in cheaper, more cyclically exposed stocks which fall under the value umbrella. Whether the rally in value...