New head of investment trust sales Mitchell joins in February and will report to head of investment trusts Simon Crinage. He will coordinate sales and investor relations activity for JPMAM’s range of trusts across private client, advisory and execution-only channels, running a team of four dedicated sales personnel and will also take a key role…
Investment companies raised £7.9bn of capital during 2013, more than in 2011 and 2012 combined.
The wide-ranging programme to revitalise the Japanese economy and raise its growth rate in the long term, as well as provide short-term stimulus, dubbed Abenomics, is on track.
The average investment trust discount at the end of last year was at its lowest level – 3.4% – since records began in December 1970, according to the Association of Investment Companies (AIC).
Investment trusts outperformed their open-ended equivalents in 13 out of 16 sub-sectors in the 12 months to November 2013, according to research from Winterfloods.
BlackRocks Adam Avigdori is remaining balanced between developed and developing world equities in his Income and Growth investment trust as economic indicators improve in the west but growth prospects remain stronger in emerging markets.
The managers of the Small Companies Dividend trust have seen a slowdown in the rate of earnings growth but are not concerned, as they have suggested it reflected too-high analyst expectations rather than a deterioration of corporate strength.
More than half of discretionary fund managers will be placing business into investment trusts in the next six months, while almost half of financial advisers will reject the closed-end structure.
Winterflood Securities is predicting that more investment trusts will be taking on longer-term gearing arrangements, especially those larger trusts that have an income objective.
Morningstars Jackie Beard, director of closed-end fund research, takes a look at one of the most densely packed AIC sectors to spot the winners among the biggest and the newest UK growth and income trusts.
UK equity income funds in the open-ended space have waved goodbye to roughly £300m following the announcement Neil Woodford would leave Invesco Perpetual.
Narrowing its holdings has paid off for £1bn Monks, with companies like Facebook that promise strong future returns helping drive performance.
