Investment Trust Financial News

02.01 / 12:04

Investment trusts People moves Investment Trust Finsbury Growth & Income International European Assets appoints International Biotech trust chair to its board

Cornish-Bowden is currently a non-executive director of Finsbury Growth & Income and CC Japan Income & Growth trusts as well, the latter of which she chairs the audit committee for.

09.02 / 18:43

UK bonds Investment trusts fixed income Ruffer Investment Company Investment Trust Ruffer Ruffer backs UK bond allocation despite performance drag

Ruffer defended the UK TIPS position, arguing the volatility in 2024's opening month was 'temporary' and did not alter its stance on the asset as a 'core element of our long-term inflation protections'.

09.02 / 11:51

regulation investigation Investment trusts Investment Trust Liberum Digital 9 Infrastructure regulatory Digital 9 Infrastructure's Verne Global sale delayed by regulatory investigation

D9 had originally anticipated that approval would be granted by the end of Q1 2024.

24.01 / 08:59

Investment trusts Investment Trust Home REIT Home REIT sells another 103 properties for £6.6m

The gross proceeds from the sale were £0.6m (8.4%) below the draft August 2023 values, however Home REIT said, “positive and negative variations between the sales price and draft valuation are to be anticipated”.

19.01 / 12:49

Commerzbank Investment trusts Investment Trust clean energy stake acquires Commerzbank acquires majority stake in Aquila European Renewables manager

The move is aimed at 'significantly accelerating' Aquila Capital’s growth to become one of the 'leading asset managers' for sustainable investment strategies in Europe.

18.01 / 14:37

income Investment trusts Alternatives Investment Trust Kepler Trust Intelligence names 54 'top' trusts for 2024

Categorised into Growth, Income & Growth and Alternative rated funds, the list 'celebrates the top investment trusts' across the three categories.

18.01 / 09:31

Investment trusts Hipgnosis Songs Fund song Investment Trust Hipgnosis Hipgnosis tables proposal to offer up to £20m to prospective acquisition bidders

'The board believes the investment adviser's call option therefore depresses the potential value of the company by limiting certain possible opportunities for shareholder value creation.'

12.01 / 16:11

Facebook Meta Investment trusts private equity Investment Trust Scottish Mortgage Scottish Mortgage repurchases Meta after 2020 exit

For the new purchase, the trust has taken on a 1% portfolio position in the stock, making it the 27th biggest holding in the fund.

08.01 / 12:02

property Investment trusts Investment Trust AEW Home REIT Home REIT sells additional 98 properties for £26.5m

An additional 162 properties have been exchanged for sale at a total of £25.7m, which are expected to complete this month.

22.12 / 19:35

People moves Columbia Threadneedle Investment Trust Former Columbia Threadneedle CIO Colin Moore re-emerges on JPM trust board

The former CIO has been appointed as a non-executive director of the trust and will officially take up the role from 1 February 2024.

21.12 / 12:21

Results Investment trusts Hipgnosis Songs Fund song Investment Trust Hipgnosis Songs Hipgnosis narrowly avoids share suspension with publication of interim results

The total debt for the company stood at $674m as of 31 September, which represented 32.0% of operative NAV.

20.12 / 18:44

Investment trusts ThomasLloyd Energy Impact Investment Trust Shareholders of former ThomasLloyd Energy Impact vote against voluntary wind-up

At a general meeting yesterday (19 December), 83.1% of shareholders voted against the voluntary wind up, with the remaining 16.9% voting in favour of the action.

11.12 / 09:33

Investment trusts Blackstone Hipgnosis Songs Fund Investment Trust Hipgnosis Songs Hipgnosis Songs Fund completes $23m sale of 'non-core' songs at 14% discount

SONG sold approximately 20,000 songs for $23.1m, representing around 1% of the trust’s value, according to an RNS notice.

08.12 / 15:59

NVIDIA Results Investment trusts Investment Trust Monks laments 'bruising' underperformance period as managers reposition portfolio

Over the reported period, the managers invested in semiconductor related companies they consider to be the 'picks and shovels' of the sector.

06.12 / 12:17

Investment trusts Investment Trust Chrysalis eyes 4.1% net asset value uplift from 'likely' portfolio holding sale

The trust did not mention what investment the potential disposal relates to.

30.11 / 13:37

UK Investment trusts Unit trusts/OEICs Investment Trust UCITS AVI to launch UCITS versions of Global and Japan Opportunity investment trusts

Joe Bauernfreund (pictured), AVI’s chief executive officer and chief investment officer, will manage the new UCITS funds, supported by the firm’s research team.

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.

23.11 / 08:39

companies Investment trusts Hipgnosis Songs Fund song Investment Trust Hipgnosis Music Limited takes SONG and Mercuriadis to High Court

Merck Mercuriadis (pictured), founder of Hipgnosis Songs fund (SONG), has been served court proceedings but his former company Hipgnosis Music Limited.

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

15.11 / 15:45

Investment trusts Investment Trust European Opportunities Saba Capital European Opportunities passes continuation vote in face of shareholder opposition

The trust had faced fierce pushback from activist investor Saba Capital, who argued that shareholders should vote against its continuation.

14.11 / 15:33

Investment trusts Investment Trust Returns NB Global Monthly Income returns £23.5m to investors in twelfth month of wind-up

Investors will be paid their redemption money by 27 November 2023.

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