Number of trusts paying quarterly dividends jumps to 50%
The number of investment trusts paying a dividend on a quarterly basis has risen to 50%, according to new research from the Association of Investment Companies (AIC).
The dangers of key man risk in investment trusts
What a difference a couple of weeks can make in the investment trust world. At the start of February, the River & Mercantile UK Micro Cap trust was trading a 16.2% premium to net asset value (NAV), following a strong run of performance, but that was soon to change.
Why new Temit manager is sticking with IT
Chetan Sehgal, lead manager of the Templeton Emerging Markets Investment Trust (Temit), said the portfolio’s core themes of investing in Information Technology (IT) and consumerism will remain during his stewardship, having just taken the reins from the outgoing Carlos Hardenberg.
JPMAM unveils its first multi-asset investment trust
JP Morgan Asset Management (JPMAM) has launched a multi-asset investment trust to replace its Income & Capital trust which is due to close next month.
Baillie Gifford’s Anderson ‘extremely disturbed’ by Kids
James Anderson, manager of the £6.5bn Scottish Mortgage Investment Trust, is “extremely disturbed” by Key Information Documents (Kids), saying they focus too much on past investment performance which could mislead investors.
Winterflood ousts Train and sticks with Woodford in 2018 picks
Winterflood Investment Trusts (Wins) has made a number of changes to its model portfolio, including dropping Nick Train’s Finsbury Growth & Income Trust and adding the Aurora Investment Trust.
Celebrating 150 years of the investment trust
If there is one thing the fund management industry likes it’s an anniversary. Depending on the success of a fund, accompanying press releases always seem to mark a one-year anniversary, while getting to three years is a bigger deal in the hope it will hit the radar screens of those who apparently don’t consider such vehicles until they have passed such a milestone.