Martin Currie Asia Unconstrained Trust boosts yield
The Martin Currie Asia Unconstrained Trust has boosted its dividend yield to around 4.5%, with shareholders overwhelmingly backing a distribution from capital in a vote this week.
The Martin Currie Asia Unconstrained Trust has boosted its dividend yield to around 4.5%, with shareholders overwhelmingly backing a distribution from capital in a vote this week.
Uncertainty stemming from last month’s general election was not enough to stop discounts in the investment trust sector continuing to tighten, according to Winterflood Investment Trusts.
Fidelity’s high-profile China Special Situations investment trust has pointed to market-beating returns since its star manager Anthony Bolton retired.
Stewart Investors has revealed the launch of a new small-cap investment trust to be run by former Fidelity manager Ashish Swarup.
Research and advisory boutique Kepler Partners has launched an income rating system for investment trusts as it recognises the shortcomings of focusing solely on yield.
Witan has ditched two of its five global equity managers in a bid to improve performance through its active share potential.
The Schroder European Real Estate Investment Trust has said it is nearly fully invested, 17 months after it floated on the stockmarket.
HICL Infrastructure Company’s NAV per share climbed 4.8% in the year to 31 March, to 149p, while the board today announced a proposal to raise £205m through an issue of ordinary shares by tap issuance.
The maximum threshold of new shares which investment trusts can issue before publishing a prospectus will increase from 10% to 20%, a boost for cost efficiency according to the AIC.
It is perhaps no accident that the business sectors that command the highest profit margins tend also to be the most well acquainted with controversy.
Threadneedle UK Select trust (UKT) shareholders can look forward to a higher level of income as it looks set to merge into Henderson High Income (HHI) over the summer.
Downing is to launch its first investment trust, Downing Strategic Micro-Cap Investment Trust, with an aim of 15% per annum returns though investing in between 12 and 18 equity holdings.