Two out two top ten investment trusts revealed
During the summer months, investors have been researching investment trusts in greater detail, with the top-ten most sought-after trusts detailed on the following pages.
Investment Trusts
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Oversubscriptions for two ITs
Closed-ended fund BlackRock Frontiers has exceeded the £50m target for its C share issue, attracting more than £63m while a new wind and solar fund, Renewables Infrastructure Group (TRIG), raised £300m from its IPO.
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IT investors favour familiar names
The investment trusts most frequently searched for on Morningstar's online service over the second quarter were those with which investors have a high degree of familiarity concerning the management style.
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JLIF acquires portfolio
The John Laing Infrastructure Fund (JLIF) has agreed the acquisition of 11 operational and yielding assets in a deal worth around £123m.
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Property the only blip as its rise
Investment trusts have outperformed their open-ended equivalents in 14 out of 16 sectors over the past 10 years, with property the only category that has consistently bucked this trend during that period, according to a study by Canaccord Genuity.
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Investment trusts results
Schroders' Matthew Dobbs is expecting a more conservative upturn in regional Asian markets over the next six months compared with the previous period.
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FC INCOME
F&C Capital and Income returned 14.5% over the six months to 31 March, while NAV per share increased 12%, according to the company’s interim statement.
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Choice at a premium for investment trusts
Markets may be on the rise, but a look at the investment trust universe proves investors' thirst for income and quality equity growth stories remains very much intact.
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Financials experts to launch new trust
Polar Capital is considering launching a third investment trust which will focus on global financials and target commitments of around £100m.
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AIFMD continues to plague hedge fund managers
Hedge fund managers are remaining tight-lipped following HM Treasury’s decision to allow new funds to continue to market as normal for the year following the implementation of the Alternative Investment Fund Manager’s Directive (AIFMD).
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Top 20 investment trusts revealed
Aberdeen is the star of the investment trust world, managing six of the 20 best performing trusts over the past decade according to stats provided by the AIC.
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Fee reduction will benefit investors
Investors will be the key benefactors of the recent fee reductions on investment funds, while the clearer charging structures are a welcome move post-RDR, according to Morningstar’s Jackie Beard.