Active managers have failed to live up to their promises in the US market, but by getting a few key ingredients right active management can be a powerful force for wealth creation, argues Gary Robinson, manager of the Baillie Gifford US Growth Trust.
Several major shareholders have called for the wind-up of Ranger Direct Lending Fund and a complete overhaul of the board amid its deteriorating performance.
The Templeton Emerging Markets Investment Trust board has blamed market volatility rather than the sudden exit of its lead manager Carlos Hardenberg for the widening of its discount in February and March.
Scottish Mortgage has signaled confidence in its portfolio of growth companies and tech names by increasing gearing on the £7.7bn investment trust 30%.
European regulatory disclosure focused around Key Information Documents is creating confusing messages around risk, argues Association of Investment Companies communications director Annabel Brodie-Smith.
The Schroders UK Growth trust could experience a widening of the discount if investors using the company’s Isa scheme are forced to sell the investment trust when management transitions to Baillie Gifford.
The chairman of Invesco Perpetual Enhanced Income has said the investment trust is facing a “self-interested onslaught” from Invesco Perpetual and has called for the asset management giant to drop its actions to oust him.
The board of Invesco Perpetual Enhanced Income has said it has been vindicated in its spat with the asset manager over fees as it has found alternative options to run the investment trust at a much lower price.
Investors in the Blackrock Emerging Europe investment trust will be able to exit at the net asset value, a regulatory filing published on Wednesday said.
Priips was intended to improve investors’ ability to compare investments, but tax-advantaged products highlight some of the confusion it has created in the process, according to MJ Hudson Allenbridge vice president Rotimi Ososami.
The board of the Invesco Perpetual Enhanced Income investment trust is facing a showdown with shareholders over its fall out with the asset manager over fees, which could see the chairman and another director ousted from their roles.
Nick Train has told Finsbury Growth & Income investors double-digit falls in major holdings over the year to date provides places to deploy cash, which he expects to come in for bids on Fidessa and Dr Pepper.
