magazine archive

magazine archive

Investment Trusts

Syncona sees surge in net asset value growth

Thursday 20 Jun 2019

INVESTMENT TRUST Syncona ( SYNC ) has reported 38% growth in net asset value (NAV) for the year ended 31 March. It invests in life science businesses and the past year’s performance has been helped by valuation increases to its stakes in Autolus, Nightstar and Blue Earth. Syncona says it will no...

Why cash levels have shot up at Schroder AsiaPacific

Thursday 20 Jun 2019

Matthew Dobbs, the manager of Schroder AsiaPacific ( SDP ) , has increased the fund’s cash levels to their highest level for at least a decade according to investment bank Stifel. While Dobbs acknowledges Asian markets are modestly cheap, he is concerned about the weak growth outlook and the scope...

What is the future of Woodford Patient Capital Trust?

Thursday 13 Jun 2019

Following the suspension of LF Woodford Equity Income (BLRZQ73) , the big question for a lot of retail investors is what’s going happen to Woodford Patient Capital Trust ( WPCT ) ? Equity Income and Patient Capital have a big overlap in holdings, so what happens in one fund can have a big impact on...

Seeking uncorrelated returns via a trust trading on a big discount

Thursday 13 Jun 2019

Managed by James de Bunsen and Peter Webster, the primary focus of Henderson Alternative Strategies Trust ( HAST ) is to give private investors access to strategies and asset classes that are either not available to retail or are closed to further investment. The investment trust can invest in...

Is it worth paying a premium for infrastructure funds?

Thursday 06 Jun 2019

On the face of it, investing in infrastructure seems like a wise move. After all, you tend to get a steady stream of income for a long period of time. Assets such as ports, airports and toll roads aren’t going anywhere anytime soon, and due to their essential nature their earnings are both...

Understanding why certain investment trusts are so popular

Thursday 30 May 2019

A desire to generate returns through income and/or growth is a long-standing goal for investors but do you know the most popular investment products to achieve this goal? We’ve looked at the 30 most widely-held investment trusts among AJ Bell Youinvest customers to see which products resonate with...

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...