magazine archive
magazine archive
Investment Trusts
This fund makes money every time the songs it owns are played
Thursday 07 Feb 2019Investments uncorrelated to the market are increasingly sought by individuals looking to diversify their portfolio during volatile times. That might explain why investment trust Hipgnosis Songs Fund ( SONG ) is currently trading at a premium to the value of its assets. It owns the rights to certain...
Greencoat UK Wind regales market with news of material acquisition
Thursday 07 Feb 2019Greencoat UK Wind ( UKW ) plans to buy stakes in two wind farms from SSE ( SSE ) for £452m. It also plans to issue new shares at a 5.1% discount to its closing price on the night before the announcement to raise up to £131m. ‘These are significant acquisitions for Greencoat UK Wind with the...
Phoenix Spree boosts rents and values
Thursday 07 Feb 2019German residential property investor Phoenix Spree Deutschland ( PSDL ) seems able to brush off the country’s economic struggles after it reported a 14% increase in the value of its portfolio during 2018. Its focus on a relatively buoyant Berlin property market also delivered strong rental growth...
The benefits of highly-diversified investment trusts
Thursday 07 Feb 2019Given the return of equity market volatility, the threat to global growth from trade wars as well as political uncertainties, portfolio diversification should be front of mind for the savvy investor and there is plenty on offer in the investment trust space. Investors can put money to work with...
Murray International shares near a two-year high premium
Thursday 07 Feb 2019Global equity income trust Murray International ( MYI ) is trading at close to a two-year premium to net asset value. The trust holds total assets worth more than £1.4bn, or approximately £11.05 per share, and trades on a stock price of £11.72 for a premium of around 6%. This compares with an...
MedicX shares jump on Primary Health Properties tie-up
Thursday 31 Jan 2019Healthcare facilities investor Primary Health Properties ( PHP ) has unveiled plans to merge with sector peer MedicX ( MXF ) , although it really plays out as a takeover of the latter business. By combining these two funds, which own and let community healthcare facilities (particularly GP...
Are you really getting diversification from your funds and investment trusts?
Thursday 31 Jan 2019Diversification is widely considered to be an important part of investing. You should ensure your investments are spread across a variety of assets, in different sectors and a number of regions so one piece of negative news doesn’t result in disproportionate damage to your portfolio. Achieving this...
Merian Chrysalis now 65% invested following 2018 IPO
Thursday 31 Jan 2019M erian Chrysalis ( MERI ) has now invested 65% of the £100m raised when it joined the stock market in November 2018. The investment trust offers investors exposure to later-stage private growth companies. Its portfolio now includes stakes in finance business Growth Street, artificial intelligence...
Chaos at Athelney Trust as boardroom coup doesn’t go to plan
Thursday 31 Jan 2019The boardroom fight at Athelney Trust ( ATY ) has resulted in chaos with multiple directors being given the boot, leaving shareholders wondering if the investment trust has a future. Robin Boyle has failed in his attempt to be reinstated as a director and to run the investment trust portfolio. The...
Henderson Smaller’s half-year hurt
Thursday 24 Jan 2019First half results (18 Jan) from Henderson Smaller Companies Investment Trust ( HSL ) reveal a rare period of underperformance. But manager Neil Hermon, who has outperformed the benchmark in 14 of the past 15 financial years, insists his universe ‘continues to throw up exciting growth opportunities...