US investment trusts 36bn team
BlackRock’s $36bn duo is readying for the inevitable rise in US interest rates.
Investment Trusts
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F and C US investment trust
F&C’s US Smaller Companies Trust could find its premium come under pressure following the resignation of Robert Siddles, who has decided to join Jupiter.
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woodford exit investment trust edinburgh investec
Investec Wealth & Investment has upped its position in Neil Woodford’s Edinburgh Investment Trust, taking advantage of its drop to a discount after the star announced his exit from Invesco Perpetual.
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investment trusts neil woodford exit invesco
Edinburgh Investment Trust is already coming under pressure, and its board is being tipped to launch a beauty parade following the announcement Neil Woodford would depart.
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BlackRock Emerging markets Europe energy stiocks
BlackRock’s Sam Vecht is looking to out of favour energy giant Gazprom to power his £111.1m Emerging Europe trust.
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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.
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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.
