Investment trusts dip into £2bn reserve pool to fund shareholder payouts
Trust dividends dropped 3.1% in H1 but it could have been worse, according to Link Group analysis
Investment Trusts
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BMO Gam loses out on Acorn Income mandate as board makes eleventh hour reversal
Shareholders had been due to vote on trust’s radical overhaul into a global sustainable income vehicle at this month’s AGM
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Scottish Mortgage hikes borrowings by £200m as assets continue to climb
James Anderson’s trust saw assets double from £9.2bn to £18.3bn in the year to the end of March
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Industry stalwart and former Fidelity CIO Simon Fraser dies
Murray International chairman passed away following a short illness on Monday
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Fundsmith Smid trust gets first taste of underperformance
Smithson manager Simon Barnard says higher inflation unlikely to pose significant problems for portfolio companies
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Schroders trust unveils second fresh holding since Woodford takeover
SUPP is currently trading on a 20% discount
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Terry Smith and Fundsmith Emerging Equities Trust manager initiate fresh holdings
Fundsmith boss alludes to new mystery holding added in July, while Michael O’Brien buys Chinese medical platform and Indian business management provider
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Literacy Capital duo: Large cap private equity rush leaves opportunities at small end
Video: Father and son duo also explain how trust donates 0.9% of assets every year to UK literacy charities
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Lindsell Train trust enjoys performance pick-up as investors question speed of Covid recovery
LTIT pulls ahead of MSCI World Index in June thanks to stronger showing from Nick Train’s eponymous boutique
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Nick Train touts Rathbones/Saunderson deal as sign of ‘big consolidation opportunities’ in UK wealth space
FGT manager ‘interested’ by Vanguard’s prediction demand for financial advice will ‘explode’ over next decade
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Alternative thinking: Four vehicles for ESG investors beyond open-ended funds
VCTs, EIS, investment trusts and REITs have the potential to meet the needs of investors with sustainable goals and priorities
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Seraphim Space trust blasts past £150m IPO target
Oversubscribed IPO comes after Liontrust missed £100m target to launch debut ESG trust