Retail investors overtake institutions as largest trust owners
Retail buyers now own 36% of shares as the ‘steady holders of investment trusts’ dropped their allocations to the sector
Discounts
-
-
Invesco Asia Dragon trust merges to create £800m FTSE 250 company
The larger-scale trust hopes to give greater liquidity to wealth managers, says chairman Neil Rogan
-
Saba demands second vote at CQS Natural Resources Growth
It wants to create an open-ended version of the trust, despite the board already undergoing a strategic review
-
Interactive Investor: Investors favour global equity funds in new Top 50 Fund Index
20 investment trusts on list of 50 most popular funds
-
UK income and small-cap trust discounts halve in 2024
Strong returns from UK equities had investors buying trusts again in the first half of the year
-
Scottish Mortgage buybacks: ‘We’d rather be spending that money on new investments’
The trust is spending £40m a week on buybacks, following £311 payout to halve ‘uncomfortable’ stake held by Elliott
-
JP Morgan’s Elliott: Lifting the lid on share buybacks
Record-high share buybacks have failed to stem widening discounts
-
Shareholders approve wind-down of Abrdn Diversified Income and Growth
The trust will repay £115m in the first half of the year, but the remaining £188.8m may not fully mature until 2029 at the earliest
-
Abrdn Diversified Income and Growth will repay £115m in the first half of 2024
The trust will return some capital this year as it winds down, but shareholders may not see a full repayment until 2033 as private assets mature
-
The AIC: Record year for buybacks as trust boards battle double-digit discounts
Share price discounts remained above 10% throughout 2023, according to AIC’s year in review
-
The top-performing UK equity trusts trading on double-digit discounts
Aberforth Smaller Companies, Aurora Investment Trust and Chelverton Growth Trust earn a place on the list
-
Is the reputation of private equity trusts finally on the turn?
The trusts have seen a considerable bounce over the last three months