magazine archive
magazine archive
Investment Trusts
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 (...
Schroders fund manager: Why the FTSE 250 offers ‘growth at a ridiculous price’
Thursday 27 Jul 2023Firmly out of favour with investors since the Brexit vote seven years ago, the FTSE 250 index rallied strongly on the release of the latest UK inflation data (19 July). This showed UK CPI rising by 7.9% year-on-year in June, lower than forecasts of an 8.2% rise, theoretically reducing expectations...
Why capital preservation trusts have failed to live up to their name this year
Thursday 20 Jul 2023Investors often fall into two camps. Some look to build wealth for the long term, while others want to protect wealth they have already accumulated, and this latter objective is what capital preservation funds are primarily designed for. There are three main investment trusts in the capital...
Discover how Castelnau plans to revive funerals group Dignity after its £281 million takeover
Thursday 20 Jul 2023Most investment trusts provide investors with a diversified portfolio invested across many different stocks and sectors which lowers the volatility or variability of returns. They typically own small stakes in anywhere between 30 to over 100 companies which can be sold without disturbing the market...
Is this an opportune moment to pounce on private equity trusts?
Thursday 29 Jun 2023According to the Association of Investment Companies (AIC), private equity trusts delivered an average return of 409% over the 10 years to 31 May 2023, which compares very favourably to 156% for all investment companies. Yet despite this spectacular long-run performance, 14 out of 17 trusts in the...
Why big discounts on investment trusts can sometimes but not always mean great bargains
Thursday 08 Jun 2023Whether or not you are a value investor by nature, we all get a kick out of finding companies which are trading on big discounts to ‘fair value’. Rather like Warren Buffett, who claims he buys dollar stocks for 50 cents, we all like to think we can spot a bargain. The problem is identifying fair...