Gold bets hurt Pennink trust but manager upbeat
Gold miners have dragged down the performance of British Empire, but managers John Pennink and Joe Bauernfreund are upbeat on the investment trust’s outlook.
Gold miners have dragged down the performance of British Empire, but managers John Pennink and Joe Bauernfreund are upbeat on the investment trust’s outlook.
Ruffer’s Steve Russell and Hamish Baillie have said they lack faith in today’s buoyant equity market because the best argument for buying stocks is there are few alternatives.
Riverstone’s new energy fund has ploughed $100m into capturing unexplored opportunities.
Increased confidence in the Eurozone, together with a discounted market and improving earnings, means small and medium-sized companies in the Eurozone are “a good place to be”, said Ollie Beckett, manager of the TR European Growth Trust.
Gervais Williams has taken out protection on roughly a third of his Diverse Income Trust portfolio.
Alex Wright can rise to the challenge of running Fidelity Special Situations alongside Fidelity Special Values, his trust's board has reassured, as the star small cap manager caps his first year on the closed-end fund with a 63% rise in its share price.
It is a rare thing to hear Evy Hambro described as a “contrarian call” but his trust has taken the strain on the back of pressures in the commodities space.
Alliance Trust has added Vodafone to its portfolio, with equity manager Ilario di Bon buying into changes afoot in the European telecoms sector.
The board of John Bennett’s Henderson European Focus Trust has struck an agreement to reduce the fund’s fees.
Asian leaders should use the current slowdown to push through some much-needed structural reforms, First State’s Angus Tulloch and Martin Lau have said, arguing that turning weakness to their advantage will boost growth over the longer term.
Schroder Income Growth trust manager Sue Noffke has been reducing her exposure to large cap defensives in favour of undervalued mid cap names.
The board of Edinburgh Investment Trust may be “sympathetic” to management proposals from Invesco Perpetual if they centre around its new UK equity head, though analysts have said the fund’s mandate could be tweaked if Mark Barnett takes the helm.