Gresham House adds investment trust guru to board
Alternative investment manager Gresham House has added investment trust specialist Rachel Beagles to its board.
Alternative investment manager Gresham House has added investment trust specialist Rachel Beagles to its board.
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The number of investment trusts paying a dividend on a quarterly basis has risen to 50%, according to new research from the Association of Investment Companies (AIC).
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Seneca Investment Managers has cut its holding in the Aberdeen Asian Income fund and used the proceeds to add the Samarang Asian Prosperity fund to its Global Income & Growth trust.
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What a difference a couple of weeks can make in the investment trust world. At the start of February, the River & Mercantile UK Micro Cap trust was trading a 16.2% premium to net asset value (NAV), following a strong run of performance, but that was soon to change.
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Phoenix Asset Management has upped exposure to Glaxosmithkline (GSK) in the Aurora Investment Trust because it believes in pharmaceutical companies’ ability to consistently regenerate themselves after setbacks.
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Chetan Sehgal, lead manager of the Templeton Emerging Markets Investment Trust (Temit), said the portfolio’s core themes of investing in Information Technology (IT) and consumerism will remain during his stewardship, having just taken the reins from the outgoing Carlos Hardenberg.
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Baillie Gifford has announced its intention to raise £250m by launching a patient capital trust that will target American companies with long-term growth prospects.
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Winterflood Investment Trusts has removed the Templeton Emerging Markets Investment Trust (Temit) from its recommend list of funds until the future direction of Franklin Templeton’s emerging markets team becomes clearer.
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After a year in which discounts have narrowed, Winterflood Investment Trusts has warned the growth and stability of investments trusts witnessed in 2017 could be at risk if markets see a significant downturn.
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JP Morgan Asset Management (JPMAM) has launched a multi-asset investment trust to replace its Income & Capital trust which is due to close next month.
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James Anderson, manager of the £6.5bn Scottish Mortgage Investment Trust, is “extremely disturbed” by Key Information Documents (Kids), saying they focus too much on past investment performance which could mislead investors.
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Winterflood Investment Trusts (Wins) has made a number of changes to its model portfolio, including dropping Nick Train’s Finsbury Growth & Income Trust and adding the Aurora Investment Trust.
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