Scottish Mortgage’s unquoted exposure scrutinised ahead of AGM vote
Trust’s unlisted holdings have ballooned from 4% to 20% over the past five years
Investment Trusts
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Charles Montanaro commits to five more years on investment trust and bulks out team
Montanaro UK Smaller Companies outperforms benchmark by 17.4%
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Hargreaves Lansdown clients rank ESG factors as more important than interest rate outlook
‘Scandal avoidance equals more profit, ditto avoiding large fines, or the consumer tide turning against you’
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Alexander Darwall trust rebounds as large Wirecard holding is chucked
European Opportunities Investment Trust had a 10% weighting in the troubled payments business
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Alexander Darwall trust falls 11% as chunky Wirecard weighting plummets
German payments business had once represented 17% of the European Opportunities Investment Trust
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Monks outperforms as tech names keep it afloat during Covid crisis
Lead manager Charles Plowden is retiring at the end of April next year
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Lindsell Train delivers £40m dividend jackpot for founders and trust investors
But Nick Train forgoes investment trust performance fee in a year of ‘dramatic highs and lows’ for the share price
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Nick Train gives investment trust rival Scottish Mortgage surprise shout out
Lindsell Train manager hails James Anderson’s annual report as ‘mandatory reading for all investors’
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Ruffer lags benchmark as ‘unfashionable’ equities stymie performance
But managers confident €750bn EU bazooka is changing sentiment on cyclical names
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Nick Train fascinated by coronavirus alcohol consumption trends
Finsbury Growth and Income investment trust manager has been adding to Heineken
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Temple Bar eyes sustainable future as it steps up efforts to replace Ninety One
Shareholders had only recently rejected the idea of taking a more ethical approach to the portfolio
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Moneysupermarket co-founder halves stake in Fundsmith emerging market trust
Simon Nixon was among the trust’s biggest backers at IPO