magazine archive


magazine archive

Investment Trusts

Fund manager Nick Train reveals his winning investment formula

Thursday 14 Feb 2019

Fund manager Nick Train is regularly in the spotlight thanks to the popularity of funds run by his investment company Lindsell Train such as Finsbury Growth & Income Trust ( FGT ) which has outperformed the FTSE All-Share in nine of the past 10 years. Despite generating significant returns for...

Temple Bar manager makes the case for value

Thursday 14 Feb 2019

There has been a lot of talk in the market in recent years of value being out of favour and growth stocks firmly in the ascendancy. Investors have certainly been prepared to pay a premium price to secure exposure to rapidly expanding companies or at least those who are perceived to be growth...

This fund makes money every time the songs it owns are played

Thursday 07 Feb 2019

Investments 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 2019

Greencoat 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 2019

German 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 2019

Given 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 2019

Global 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...

Merian Chrysalis now 65% invested following 2018 IPO

Thursday 31 Jan 2019

M 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 2019

The 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...

MedicX shares jump on Primary Health Properties tie-up

Thursday 31 Jan 2019

Healthcare 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...

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