magazine archive
magazine archive
Investment Trusts
Meet the newest addition to Alliance Trust’s roster of managers
Thursday 25 Apr 2024Popular investment vehicle Alliance Trust (ATST) has announced a modest but meaningful shake-up of its portfolio. The FTSE 250 constituent invests in global equities across a range of industries and sectors through a ‘manager of managers’ approach. Following an overhaul in 2017, the trust gives...
Wealth preserver Ruffer had a really bad 2023 – is this just a blip?
Thursday 04 Apr 2024Capital preservation funds are positioned to help investors avoid large losses while growing their wealth too, albeit more slowly than more risk-tolerant funds. In the investment trusts patch, the three main wealth preservers are Ruffer Investment Company (RICA) , Capital Gearing Trust (CGT) and...
Why City of London is so popular with investors
Thursday 14 Mar 2024One of the most popular investment trusts with AJ Bell’s ISA millionaires, City of London (CTY) is a favourite with investors seeking long-term income and capital growth and a gateway to large international companies. However, while the long-run performance record is strong, Curtis’ cautious...
No relief in sight for beleaguered Finsbury Growth & Income so far in 2024
Thursday 22 Feb 2024By his own admission, Nick Train, manager of Finsbury Growth & Income (FGT) , isn’t one for nostalgia, whether that is reflecting on past glories or the ‘melancholy fact’ as he puts it that the popular investment trust has underperformed the FTSE All-Share index for the last three years. Moving...
What to do if your investment trust merges or shuts
Thursday 01 Feb 2024In 2023 we saw a wave of corporate activity in the investment trust sector, dominated by mergers and closures. Eight companies closed their doors, while four mergers took place, with a further four announced that are due to take place this year, according to the Association of Investment Companies...
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...