Gearing on Scottish Mortgage soars to £735m
Scottish Mortgage has signaled confidence in its portfolio of growth companies and tech names by increasing gearing on the £7.7bn investment trust 30%.
Investment Trusts
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Don’t KID yourself that VCTs are low risk
European regulatory disclosure focused around Key Information Documents is creating confusing messages around risk, argues Association of Investment Companies communications director Annabel Brodie-Smith.
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Schroders trust faces discount on forced selling
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.
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Enhanced Income chairman slams Invesco’s ‘self-interested onslaught’
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.
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Investment trust board hits back at Invesco
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.
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Blackrock trust offers investors swift exit
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.
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Priips creates unique problems for VCTs and EIS
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.
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Invesco trust chair faces removal over fees fallout
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.
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Nick Train mulls where to deploy fresh cash
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.
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Ex-OMGI equities head lands VCT appointment
Ex-Old Mutual Global Investors UK equities head Ashton Bradbury has been brought on board as a non-executive director on a Hargreave Hale VCT as parent firm Canaccord Genuity Wealth Management looks to boost its fund management business.
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Nick Train picks underperformance over oil majors
Nick Train has said he will not be drawn into investing in oil majors despite the bumper returns they have delivered for his investment trust’s FTSE All Share benchmark.
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Blackrock income team buys Barclays
Blackrock UK equity income duo Adam Avigdori and David Goldman have introduced Barclays to their Income and Growth investment trust, taking the total allocation to banks to 9.9%.