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
Retail buyers now own 36% of shares as the ‘steady holders of investment trusts’ dropped their allocations to the sector
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The larger-scale trust hopes to give greater liquidity to wealth managers, says chairman Neil Rogan
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It wants to create an open-ended version of the trust, despite the board already undergoing a strategic review
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20 investment trusts on list of 50 most popular funds
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Strong returns from UK equities had investors buying trusts again in the first half of the year
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The trust is spending £40m a week on buybacks, following £311 payout to halve ‘uncomfortable’ stake held by Elliott
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Record-high share buybacks have failed to stem widening discounts
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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
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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
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Share price discounts remained above 10% throughout 2023, according to AIC’s year in review
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Aberforth Smaller Companies, Aurora Investment Trust and Chelverton Growth Trust earn a place on the list
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The trusts have seen a considerable bounce over the last three months
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