AIC Financial News

24.01 / 11:55

Invesco Investment trusts AIC Invesco Bond Income Plus unveils discounted £15m fundraising

The fundraising will open today (24 January) and close on 7 February, with admission of the new shares expected on 12 February.

18.01 / 14:37

fundraise AIC VCTs/EIS vct Puma Alpha VCT embarks on second £20m fundraise in two months

The VCT launched in 2019 and, according to data from the AIC, its market cap is currently at £30m, with a 2.42% discount running.

07.12 / 12:45

Asia Investment trusts AIC AGM Vietnam Opportunity fund survives attempt to discontinue trust

The trust said that its second largest shareholder, which holds 11% of the total issued share capital, cast 23% of votes at the AGM and voted in favour of the discontinuation of the trust.

06.12 / 12:17

Investment AIC private equity Private equity sector tops investment trust performance tables in 2023

The second highest return of 37% was produced by the technology and innovation sector, while North America placed third with a return of 14%.

27.11 / 15:07

property Investment trusts AIC Investec Investment Trust strategic review abrdn European Logistics Income launches strategic review

The trust has suffered from a double-digit discount for over a year and fell to a new low of 47.1% last month, according to data from the Association of Investment Companies. It currently sits at a 39.7% discount.

22.11 / 16:29

Treasury AIC Wealth Club VCTs/EIS EIS Autumn Statement 23: VCT and EIS sunset clauses extended by a decade

The government said it will extend them by a decade to 6 April 2023, after the Treasury confirmed last month the clauses would be expanded to April 2025.

22.11 / 12:51

Investment trusts AIC VCTs On the night gallery: Investment Company of the Year Awards 2023

Our host for the awards ceremony was financial journalist and presenter Declan Curry, while our charity for the evening was Place2Be.

17.11 / 13:33

UK Investment trusts AIC Investment Trust House of Lords AIC sets out proposals to address investment trust cost disclosure concerns

Richard Stone (pictured), chief executive of the Association of Investment Companies

17.11 / 09:54

Investment trusts AIC VCTs week Investment Week reveals winners of Investment Company of the Year Awards 2023

The awards recognise managers in this important part of the market, who have delivered consistently for investors across a variety of sectors.

02.11 / 10:57

Investment trusts AIC buyback programme Schiehallion launches $20m buyback programme

The trust said its board and investment manager, Baillie Gifford, are focused on “maximising returns” for shareholders.

27.10 / 13:23

Investment trusts AIC Numis Andrew Rees Investment Trust Verne Global Digital 9 Infrastructure Digital 9 Infrastructure weighs divestment from crown jewel Verne Global

The trust's board said it had received 'indicative offers from interested parties' working to secure a majority stake in Verne Global.

27.10 / 12:25

Investment trusts AIC Numis Andrew Rees Investment Trust Verne Global Digital 9 Infrastructure Digital 9 Infrastructure weighs divestment from Verne Global

The trust's board said it had received 'indicative offers from interested parties' working to secure a majority stake in Verne Global.

10.10 / 17:23

Investment trusts AIC Nippon Active Value Nippon Active Value nears £300m in assets following double merger

This makes NAVF the second largest trust in the AIC Japanese Smaller Companies sector, trailing only Baillie Gifford Shin Nippon, which holds £522m in assets.

09.10 / 14:51

Survey ESG AIC ESG Trends greenwashing esg investing ESG investing popularity declines among UK investors over greenwashing fears

Among the 47% of investors who do not consider ESG factors when investing, the top reason given is prioritising performance over ESG issues.

29.09 / 08:27

property MSCI Investment trusts AIC Nav share price abrdn Property Income trust share price drops 24% over six months despite NAV growth

'The level of discount is of great concern to the board, and we continue to explore ways that will reduce it in the long term.'

26.09 / 14:31

HSBC BMW Investment trusts AIC Merchants trust lags UK market as growth style outperforms value in 'difficult' H1

Despite the challenging first half of the year for the trust, MRCH currently stands as one of the few investment trusts in the market trading on a premium.

22.09 / 12:17

Investment trusts AIC AGM continuation vote European Opportunities European Opportunities trust lowers management fees as continuation vote looms

According to data from the Association of Investment Companies, EOT is currently trading at a 9.97% discount.

11.08 / 12:27

Investment trusts AIC Merger Nippon Active Value Atlantis Japan Growth agrees merger with Nippon Active Value

The Atlantis Japan Growth fund holds £81.9m in assets and is currently trading at a 14.6% discount to NAV.

AIC Financial News

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