Miton boss dismisses extending tiered fees to Oeics
Miton chief executive David Barron has dismissed extending tiered fees on investment trusts to the boutique manager’s open-ended range, arguing fixed ad valorem fees are easier to understand.
Murray International issues recession warning
“Great scepticism is warranted,” according to Murray International trust manager Bruce Stout, who has warned that the likelihood of central banks achieving a balancing act of withdrawing monetary stimulus and avoiding recession “is virtually zero.”
Blackrock Frontiers calls shareholder vote on investible universe
The board of the £313.3m Blackrock Frontiers Investment Trust has called a general meeting for shareholders to vote on expanding the fund’s investible universe to emerging markets following a spate of country reclassifications in MSCI indices.
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.