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 shareholders have voted for an expanded investment universe, which includes more Aim-listed companies plus small-cap opportunities in Europe.
Baillie Gifford has raised £173m for its US Growth Trust, it announced today, falling short of the £250m it set as a target.
Miton chief executive David Barron has dismissed extending tiered fees on investment trusts to the boutique manager’s open-ended range, arguing fixed ad valorem fees are easier to understand.
The Monks Investment Trust has added another tier to its management fee charging structure to pass on economies of scale gained from its growing size back to investors.
VCT managers are beefing out their tech teams as the scheme refocuses on earlier stage businesses.
“Great scepticism is warranted,” according to Murray International trust manager Bruce Stout, who has warned that the likelihood of central banks achieving a balancing act of withdrawing monetary stimulus and avoiding recession “is virtually zero.”
The board of the £313.3m Blackrock Frontiers Investment Trust has called a general meeting for shareholders to vote on expanding the fund’s investible universe to emerging markets following a spate of country reclassifications in MSCI indices.
Baillie Gifford has announced the initial public offering (IPO) of its US Growth trust.
Alternative investment manager Gresham House has added investment trust specialist Rachel Beagles to its board.
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 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.
