magazine archive
magazine archive
Investment Trusts
Limp US tech reporting season impact on UK investment trusts
Thursday 09 May 2019A relatively impressive first quarter of 2019 for many of the world’s largest technology companies (Google parent Alphabet aside) has failed to move the needle of the three investment trusts most exposed to the technology stocks. Shares in Allianz Technology Trust ( ATT ) , Polar Capital Technology...
BlackRock star manager Prentis to retire this summer
Thursday 09 May 2019Mike Prentis will step down as manager of BlackRock Smaller Companies Trust ( BRSC ) at the company’s June AGM, calling time on a distinguished 32-year fund management career. Prentis has managed the fund since August 2002, originally at 3i Investments, then for 14 years at BlackRock. Under his...
Templeton Emerging Markets looks to appease investors
Thursday 09 May 2019Investment trust Templeton Emerging Markets ( TEM ) , which currently trades at a 10% discount to net asset value (NAV), says it will hold a tender offer in five years’ time if the performance over the period falls short of the benchmark. This would allow shares to be sold back to the trust at NAV...
Grab global growing dividends with Securities Trust of Scotland
Thursday 09 May 2019‘We go global to hunt down the best, most sustainable income ideas,’ says Mark Whitehead, manager of the quarterly-dividend paying Securities Trust of Scotland ( STS ) . This is an investment trust generating a geographically diverse source of income from a carefully selected cohort of high quality...
Why you should consider going against the herd with Henderson Eurotrust
Thursday 02 May 2019Investors looking for an opportunity to put money to work in currently unloved European markets should consider Henderson EuroTrust ( HNE ) . This investment trust aims to deliver superior total returns from a portfolio of high quality European (ex UK) investments. Former deputy manager Jamie Ross...
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...