Struggling Columbia Threadneedle trust sells off Jupiter stake
Share price and net asset value of the CT UK High Income Trust lagged its benchmark in H1
Share price and net asset value of the CT UK High Income Trust lagged its benchmark in H1
Trust has agreed to lower the overall fee to 12.5% of adjusted NAV above a high-water mark
In just over a year the value of the investment had plummeted to £5m
Augmentum Fintech trades at a wide discount but NAV held steady during the half
The ‘article 9’ trust saw NAV grow 1.5% during the three months to 30 September
Investment trust trailed its MSCI benchmark last month
Despite the trust’s half-year results painting a grim picture
As it aims to pay a 3% annual dividend
BlackRock head of investment trusts Melissa Gallagher talks about the suitability of closed-ended funds for holding alternative assets, the crucial role of boards and ensuring trusts remain relevant
‘Wealth managers try and undercut each other, but we find that clients increasingly recognise you get what you pay for’