magazine archive

magazine archive

Investment Trusts

Revealed: our favourite biotech trust

Thursday 28 Nov 2019

The biotechnology sector has been in the doldrums relatively speaking over the last five years having under-performed the FTSE World index by 48% and the MSCI World HealthCare index by 39%. According to Bloomberg data the sector is trading on a one-year forward price-to-earnings (PE) multiple of...

Discover 34 outperforming investment trusts

Thursday 14 Nov 2019

Strong historical performance data doesn’t guarantee a fund will continue to do well in the future, so investors shouldn’t buy an investment trust solely based on how it has done in the past expecting similar returns in the future. However, past performance, particularly over the long term, is...

Investment trust underperformers named and shamed

Thursday 07 Nov 2019

Investment trust investors put money to work with an active fund. So if the fund fails to beat the market or its assigned benchmark, you’ll understandably feel aggrieved. The aim of active management is to outperform a benchmark and if the manager to which you entrust your hard earned savings fails...

Know your fund: The Scottish Investment Trust

Thursday 31 Oct 2019

T he Scottish Investment Trust ( SCIN ) is an independently managed global trust seeking to provide shareholders with longer-term capital appreciation and above-inflation annual dividend growth. Investing in undervalued, unfashionable companies that are ripe for improvement, at 824p ‘The Scottish’...

Growth strategies at investment trusts under scrutiny in third quarter

Thursday 24 Oct 2019

The allure of high growth and often pre-profit companies may be finally losing its hold over investors who are increasingly counting the cost of chasing supposedly ‘hot’ stocks regardless of valuation. The collapse of the mooted IPO of US property firm WeWork at the end of September underlined a...

Healthcare property investor Civitas punished for housing association troubles

Thursday 17 Oct 2019

Sitting in a relatively unknown niche within the real estate investment trust (REIT) sector is Civitas Housing ( CSH ) which provides secure housing on long-term 25-year leases to tenants who fall under the Government’s supported living criteria. An integral part of the UK healthcare sector is...

Smithson lives up to the hype as the Fundsmith trust turns one

Thursday 10 Oct 2019

A year ago Smithson ( SSON ) became the largest ever investment trust launch, raising £822.5m to invest in quality small to mid-cap companies. Investors lapped up the shares in the hope they would deliver similar success to its sister fund, Fundsmith Equity (B41YBW7) . Their faith has been rewarded...

Have global investment trusts been the ticket to strong returns?

Thursday 03 Oct 2019

Political and economic turmoil continues to grip the UK. Many investors have been sent running for safer places to stash their cash. Bond markets have soared, gold is close to record highs and money continues to flood out of UK equity funds. UK investors have been struggling to get much bang for...

The search for undervalued companies in Europe

Thursday 26 Sep 2019

Investors remain pessimistic over Europe. Outgoing European Central Bank (ECB) president Mario Draghi has just cut the deposit rate to -0.5% (charging banks more to park their money with the ECB) in order to get them to lend while also resuming quantitative easing (QE) to stimulate the economy...

Taking advantage of an emerging markets opportunity

Thursday 19 Sep 2019

Emerging markets (EM) investing is far from risk-free, yet investors who shun this exciting asset class are missing out on some of the fastest growing opportunities in the globe today. Indeed, EM countries are becoming the long-term winners in the current economic climate, a volatile backdrop that...