Scottish Mortgage lifts borrowings by another £300m
‘At present, competition for capital in the Scottish Mortgage portfolio is intense’
Gearing
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Scottish Mortgage hikes borrowings by £200m as assets continue to climb
James Anderson’s trust saw assets double from £9.2bn to £18.3bn in the year to the end of March
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Scottish Mortgage borrowings near £1bn as it issues first debt in euros
James Anderson’s investment trust lands cheap coupon on long-term debt issue
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WPCT update reveals ‘disappointing’ progress as Schroders takes over
Announcement comes as Link reveals only 56% of Woodford Equity Income has been liquidated
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WPCT faces higher borrowing costs as gearing fluctuates
Woodford must now seek permission from Northern Trust before making any investments
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Temit ups loan facility on positive EM outlook
Investment trust also boosts ability to borrow in Chinese renminbi
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Gearing on Scottish Mortgage soars to £735m
Scottish Mortgage has signaled confidence in its portfolio of growth companies and tech names by increasing gearing on the £7.7bn investment trust 30%.
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Geared for success; how trusts bested their open-ended peers
The ability to gear and stay invested in rising markets has lead the vast majority of investment trusts to outperform their comparable open-ended peers according to new research from Winterflood Investment Trusts (Wins).
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Investment trust managers tread with caution as gearing falls
Managers of investment trusts appear to be de-risking their portfolios, suggesting a hint of caution regarding global markets as we approach the end of the year.
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PA ANALYSIS: Have trusts chosen the perfect time to take on more debt?
Whisper it, but investment trusts are quietly increasing gearing. Six years into a bull market, the question is can they be sure this is the right way forward?
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Increased regulation sees Lindsell Train halt all gearing
The Lindsell Train Investment Trust has taken the decision to stop using gearing in the future, largely as a result of the costs involved of adhering to the full scope of the Alternative Investment Fund Managers Directive.
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Trusts to look at longer-term gearing
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.
