Investment Trusts

  • Conviviality short delivers for Blackrock investment trust

    A short position in Conviviality has delivered for Blackrock Throgmorton, according to its first portfolio update since investors voted in favour of expanding the portfolio’s investment universe.

  • Schroder UK Growth board ditches Schroders for Baillie Gifford

    Schroder UK Growth board ditches Schroders for Baillie Gifford

    The board of the Schroder UK Growth fund is dumping Schroders as its manager and replacing it with Baillie Gifford, citing continuous underperformance since inception as the reason behind the decision.

  • Defensive names weigh on Blackrock trust

    Defensive names weigh on Blackrock trust

    Blackrock Income and Growth Investment Trust underperformed its benchmark index during the first quarter as holdings in British American Tobacco and RELX Group stymied returns.

  • The top 10 trusts of Q1

    The top 10 trusts of Q1

    During a rockier-than-anticipated first quarter, which investment trusts rose to the top? Portfolio Adviser examines the 10 best performers on a share price basis, using data from Stifel.

  • Lindsell Train tops investment trusts as premium hits 42%

    Lindsell Train tops investment trusts as premium hits 42%

    A stretched premium has seen Lindsell Train top investment trusts for performance in the first quarter, over a period when the listed closed-ended funds outperformed wider markets, according to a report from Stifel.

  • Woodford-backed activist targets Brexit passport firm

    Woodford-backed activist targets Brexit passport firm

    Woodford-backed activist investment trust Crystal Amber has upped its stake in De La Rue, the UK company currently appealing the government following its failed bid to produce the country’s blue passports following Brexit.

  • Blackrock Frontiers defends EM overlap

    Blackrock Frontiers defends EM overlap

    Blackrock fund managers Sam Vecht and Emily Fletcher are already in the process of introducing emerging market stocks into the Frontiers Investment Trust following an expansion of its investment universe less than a week ago, as they seek opportunities in the “forgotten” countries of both indices, which show reduced correlation with mainstream markets.

  • Fidelity investment trust index switch coincides with fee changes

    Fidelity investment trust index switch coincides with fee changes

    Fidelity Japanese Values has become the first investment trust run by the asset manager to adopt its variable management fee model, but has also announced plans to switch to a poorer performing benchmark.

  • Nick Train downplays bond proxies as rate hikes loom

    Nick Train downplays bond proxies as rate hikes loom

    Nick Train says it is wrong to categorise his funds as bond proxies even as he defends the outlook for the interest-rate sensitive type of equities.

  • Frontiers investment trust shareholders vote for change

    Frontiers investment trust shareholders vote for change

    Blackrock Frontiers shareholders have voted overwhelmingly in favour of the investment trust extending its investment universe to some emerging markets in a vote in London today.

  • Mobius builds rival firm as Temit successor sings his praises

    Mobius builds rival firm as Temit successor sings his praises

    Templeton Emerging Markets Investment Trust’s incoming lead manager has described Mark Mobius as his mentor and said he will never view him as a competitor, despite the legendary emerging markets investor establishing a rival fund following his retirement from Franklin Templeton.

  • Blackrock Throgmorton expands investment universe

    Blackrock Throgmorton shareholders have voted for an expanded investment universe, which includes more Aim-listed companies plus small-cap opportunities in Europe.