Investment Trusts

  • Gresham House adds investment trust guru to board

    Gresham House adds investment trust guru to board

    Alternative investment manager Gresham House has added investment trust specialist Rachel Beagles to its board.

  • Number of trusts paying quarterly dividends jumps to 50%

    Number of trusts paying quarterly dividends jumps to 50%

    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).

  • Seneca trust cuts Aberdeen in favour of Samarang

    Seneca trust cuts Aberdeen in favour of Samarang

    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.

  • The dangers of key man risk in investment trusts

    The dangers of key man risk in investment trusts

    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.

  • Aurora commits to pharma by upping GSK stake

    Aurora commits to pharma by upping GSK stake

    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.

  • Why new Temit manager is sticking with IT

    Why new Temit manager is sticking with IT

    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.

  • Baillie Gifford to launch US patient capital trust

    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.

  • Winterflood cuts Temit after manager departure

    Winterflood cuts Temit after manager departure

    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.

  • How a market setback could affect trust discounts

    How a market setback could affect trust discounts

    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.

  • JPMAM unveils its first multi-asset investment trust

    JPMAM unveils its first multi-asset investment trust

    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.

  • Baillie Gifford’s Anderson ‘extremely disturbed’ by Kids

    Baillie Gifford’s Anderson ‘extremely disturbed’ by Kids

    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.

  • Winterflood ousts Train and sticks with Woodford in 2018 picks

    Winterflood ousts Train and sticks with Woodford in 2018 picks

    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.