Scottish Mortgage unveils largest ever trust buyback programme
Analysts react to the minimum £1bn programme as SMT looks to narrow discount
Analysts react to the minimum £1bn programme as SMT looks to narrow discount
The £1.5bn trust will review its multi-manager strategy as Bell leaves after 14 years as CEO
Operative NAV reduced to 85.02p per share from 92.08p
Ahead of shareholder meetings on 27 March
Infrastructure trusts are trading at steep discounts, but could be overdue a re-rating
Fidelity China Special Situations will buy £126.6m of Abrdn China’s assets
Comes one week before its consultation with shareholders
Having raised their dividend for at least 20 consecutive years
Andrew Chapman retired following the trust’s AGM, to be succeeded by John Blowers
‘Exploring a range of refinancing options’
114 co-signatories, including AIC CEO Richard Stone, have backed calls for cost disclosure reform
The £3.4bn trust outperformed global markets despite an underweight to the Magnificent Seven – and no exposure at all to Apple and Tesla