Fidelity China Special Sits hails market-beating gains post-Anthony Bolton
Fidelity’s high-profile China Special Situations investment trust has pointed to market-beating returns since its star manager Anthony Bolton retired.
Investment Trusts
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Tulloch and Swarup on board for ScotGems trust
Stewart Investors has revealed the launch of a new small-cap investment trust to be run by former Fidelity manager Ashish Swarup.
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Kepler launches trust income ratings
Research and advisory boutique Kepler Partners has launched an income rating system for investment trusts as it recognises the shortcomings of focusing solely on yield.
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Witan ditches two of five global equity names
Witan has ditched two of its five global equity managers in a bid to improve performance through its active share potential.
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Schroders’ European property trust nears full investment after 17 months
The Schroder European Real Estate Investment Trust has said it is nearly fully invested, 17 months after it floated on the stockmarket.
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HICL posts positive results; proposes £205m share issue
HICL Infrastructure Company’s NAV per share climbed 4.8% in the year to 31 March, to 149p, while the board today announced a proposal to raise £205m through an issue of ordinary shares by tap issuance.
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AIC backs trusts threshold rule change
The maximum threshold of new shares which investment trusts can issue before publishing a prospectus will increase from 10% to 20%, a boost for cost efficiency according to the AIC.
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PA ANALYSIS: Tiered charging to revolutionise asset management
It is perhaps no accident that the business sectors that command the highest profit margins tend also to be the most well acquainted with controversy.
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PA ANALYSIS: Trust mergers – does size always matter?
Threadneedle UK Select trust (UKT) shareholders can look forward to a higher level of income as it looks set to merge into Henderson High Income (HHI) over the summer.
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Downing targets 15% p.a. with first investment trust
Downing is to launch its first investment trust, Downing Strategic Micro-Cap Investment Trust, with an aim of 15% per annum returns though investing in between 12 and 18 equity holdings.
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Threadneedle and Henderson propose trust merger
The board of the Threadneedle UK Select Trust (UKT) has announced it plans to merge with the Henderson High Income Trust this summer.
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Trusts switching in droves to quarterly dividends
Yield-hungry investors have had their demands met by an increasing number of investment companies paying out quarterly dividends, new research from the Association of Investment Companies has shown.