magazine archive

magazine archive

Investment Trusts

The dividend heroes that have beaten inflation

Thursday 23 May 2019

Investment trust dividend heroes are classified as funds that have increased their dividends every year for at least 20 years in a row. While this list, published by the Association of Investment Companies (AIC), will help you spot products with a dividend growth track record, it doesn’t tell you...

Witan is ready to fight back after lagging the market

Thursday 16 May 2019

Growing awareness among the general public of low-cost exchange-traded funds (ETF) means actively-managed funds have to try even harder to stand out from the crowd and justify their typically higher fees. With ETF products such as Lyxor Core MSCI World (LCWL) offering exposure to companies around...

BlackRock star manager Prentis to retire this summer

Thursday 09 May 2019

Mike 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 2019

Investment 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...

Limp US tech reporting season impact on UK investment trusts

Thursday 09 May 2019

A 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...

Supermarket Income REIT snaps up Tesco store

Thursday 02 May 2019

In 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 2019

The 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 2019

Lord 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 you should consider going against the herd with Henderson Eurotrust

Thursday 02 May 2019

Investors 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...