magazine archive


magazine archive

Investment Trusts

Why high returns can sometimes justify high ongoing fee charges

Thursday 15 Sep 2022

Given the poor recent performance of many investment trusts compared with the FTSE 100 index – which has held up relatively well this year and which investors can access via a tracker fund for a few basis points – the age-old issue of fees has reared its head again. The big question for investors...

Could BH Macro be the ‘reassuringly expensive’ Stella Artois of hedge fund trusts?

Thursday 01 Sep 2022

The market regards hedge fund Brevan Howard as one of the leading global macro absolute return investment managers. Absolute return specialists aim to deliver a positive return to investors regardless of whether markets are rising or falling. They often own a mix of bonds and stocks as well as...

Can investors rely on high-yield trusts to deliver on their promise?

Thursday 18 Aug 2022

With inflation eating away at investors’ income, high-yield trusts can look very appealing. However, the big question investors should ask before committing themselves is just how sustainable are the dividend streams? In this article we analyse four of the highest-yielding trusts, with a diverse...

How BlackRock World Mining outperforms by using all the tools at its disposal

Thursday 11 Aug 2022

The mining sector has had a wild 2022 to date. It started strongly, supported by pent-up demand from the pandemic, with the invasion of Ukraine affecting the supply of key commodities and helping to drive prices even higher. More recently, concerns about a global downturn, rising interest rates and...

Going cheap: investment trusts trading on wider than normal discounts

Thursday 28 Jul 2022

This year’s market turmoil has caused many investment trusts to trade below their average discount to net asset value. It means investors can often buy £1 worth of assets for 90p or thereabouts. A popular trading strategy is to find investment trusts on wider than normal discounts and buy them in...

How popular capital preservation funds stand apart

Thursday 07 Jul 2022

There are dozens of different investment strategies, but most investors are largely looking to either build wealth for the long run or look after what they already possess. This latter objective is what capital preservation funds are designed to do. There are a handful of specialist investment...

What makes Polar Capital Technology Trust tick?

Thursday 30 Jun 2022

This year has been ugly for technology investors. The challenges facing equity markets have combined to form one of biggest headwinds to investment returns for decades, including inflation soaring to levels not seen in decades. The feeling that things will get worse before they improve continues to...

Preparing for a wave of value write-downs in the private equity trust universe

Thursday 30 Jun 2022

Private equity investors have been put on warning after press reports last month that privately-owned BNPL (buy now, pay later) specialist Klarna was seeking to raise fresh capital at a steep discount to its previous valuation. This has raised the question of whether private equity valuations need...

Where next for Scottish Mortgage as trust managers face up to investors

Thursday 23 Jun 2022

With hundreds of investors granted the opportunity to ask questions in person to Scottish Mortgage’s (SMT) fund managers at an event in London, you might have expected some angry audience members given the investment trust’s share price at 676.2p has fallen 56% since peaking in November 2021...

This trust sees big gains ahead assuming it can repair and revive famous UK companies

Thursday 09 Jun 2022

The idea of owning a portfolio of companies that have gone off track may not appeal to every investor. There are high risks because the underlying companies need to be fixed before they can grow. Yet the rewards could be equally high if this repair and revive strategy works, and that’s where...

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