Can smaller trusts survive without consolidation?
The trust sector has seen increased M&A in recent times, while investors have highlighted concerns over illiquid, sub-scale funds
Investment Trusts
-
-
AIC: Trust purchases turn negative for the first time since 2011
Sales of investment companies overtook purchases by £53m
-
Custodian Property Income Reit sets timetable for API merger despite rival bid
Custodian board expects API to maintain its recommendation for all-share merger
-
Abrdn Property Income postpones general meeting in wake of rival takeover bid
Shareholder meeting to discuss Custodian’s offer for the trust delayed to 20 March
-
Urban Logistics Reit tables rival bid for API
Custodian had proposed an all-share merger with API in January
-
AIC: Institutional investors own half of all trust shares
Institutions hold £89bn in investment company shares
-
Abrdn European Logistics Income board opts to forgo dividend payment
Cut of dividend payment result of ‘strategic review’
-
Baillie Gifford Scottish American manager steps down
Toby Ross will focus on other responsibilities at the Scottish asset manager
-
FundCalibre awards Aegon, Fidelity and Ninety One funds with ‘Elite’ rating
Seven strategies received the rating while four were awarded the ‘Elite Radar’ badge
-
Finsbury Growth & Income: Six UK ‘digital winners’ to benefit from AI megatrend
FGT’s Madeline Wright says the likes of RELX, Sage and Rightmove will be key beneficiaries
-
Brunner investment trust increases dividend for 52nd year
Dividends were up 5.6% year-on-year to 22.7p
-
FCA launches investigation into Home Reit
The trust’s board said it will cooperate fully with the regulator