UK equity income trusts face tougher times, says Canaccord
Canaccord Genuity sees a more challenging outlook for UK earnings and dividend growth in 2016, which could see the recent strength of UK equity income investment trusts wane.
Investment Trusts
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China and commodities the trust winners in October
Investment trusts specialising in China and large cap commodities were winners in October, according to research from QuotedData.
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PA ANALYSIS: Will ETFs and trusts breathe new life into platforms?
While some have been keen to pronounce platforms to be ‘dead’ providers do not seem willing to throw in the towel and have launched a counter-attack.
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Fidelity adds trusts, ETPs to FundsNetwork
Fidelity Worldwide Investment has added a range of investment trusts and exchange-traded products to its FundsNetwork platform.
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Marty McFly should have tried investment trusts
Rather than messing about on skateboards, Marty McFly should have bought the Capital Gearing Trust when he travelled in time from 26th October 1985, according to JP Morgan Cazenove research.
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High yields on commodity trusts tempt investors
There are signs that high yields are tempting investors back to commodities-focused investment trusts, but analysis group Stifel warned that current yields may not be sustainable.
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Alliance Trust CEO Garrett-Cox steps down
Alliance Trust’s chief executive Katherine Garrett-Cox has stepped down from the investment company’s board as part of a shareholder triggered shake-up.
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Elliott Associates adds to Alliance Trust stake
US activist investor Elliott Associates has seemingly cranked up the pressure on the management of Alliance Trust by raising its stake from around 12% to 14% of the company.
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PA ANALYSIS: Could trust illiquidity spark a dash for the closed-ended door?
A Winterflood Business Services survey recently revealed that out of 216 companies surveyed, 67% now exceed the required industry market cap of £100m, while 43% have market cap of more than £250m.
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Fidelity Asian Values AMC to drop by up to 15%
Fidelity’s Asian Values is set to undergo changes to its pricing structure that could see the AMC drop by as much as 15%.
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Twentyfour mortgages trust share placing opens
Twentyfour Asset Management’s third listed fund, the UK Mortgages Trust, announced the start of its share placing and the opening up to offers of subscription on Wednesday.
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Trust fees to fall further as sector evolution continues – Beckwith
Activist shareholders, pension changes and the retail distribution review have catalysed the evolution of the investment trust sector says Jeremy Beckwith, director of manager research, UK, at Morningstar.