Investment Trust Financial News

14.11 / 15:33

regulation UK Treasury Investment Trust House of Lords questions FCA's ability to 'protect market stability'

Current EU cost disclosure rules, known as PRIIPS, have caused investment trust charges to appear artificially expensive, deterring investment in various areas, particularly battery storage, wind and solar farms.

13.11 / 12:23

Investment trusts Investment Trust burberry Finsbury Growth & Income Finsbury Growth & Income bolsters Experian holding amid higher for longer concerns

Nick Train (pictured), manager of the Finsbury Growth & Income trust.

08.11 / 16:23

Investment trusts Merger Investment Trust Asia Dragon assets swell by over £200m following abrdn New Dawn merger

This puts the trust's total assets at £736.4m, as pre-merger it held £494.7m, according to data from the Association of Investment Companies.

07.11 / 16:29

Investment trusts continuation vote Investment Trust tender offer Saba Capital calls for European Opportunities to increase size of tender offer

Over the past 12 to 18 months, the firm has been taking positions in multiple UK investment trusts, including Henderson Opportunities and Schroder UK Mid Cap.

06.11 / 16:03

funds Square Mile Investment Trust Square Mile downgrades Aviva Equity Income following manager departure

The Aviva Investors UK Listed Equity Income fund saw its rating scrapped after the departure of its co-manager James Balfour.

06.11 / 16:03

Illumina Investment trusts Investment Trust Scottish Mortgage Scottish Mortgage sells out of Illumina

Tom Slater (pictured), lead manager on Scottish Mortgage investment trust

01.11 / 08:47

Investment trusts Square Mile Investment Trust Time Square Mile includes investment trusts in Academy of Funds for the first time

Square Mile has assessed investment trusts in the past as part of its consultancy process, but this is the first time this side of its research has been made publicly available.

31.10 / 09:41

Investment trusts Investment Trust US Solar fund unveils revised investment policy

The amendments to the strategy include allowing investment into «development stage assets» which the board said would allow for «greater diversification» and enable «future accretive growth» opportunities for the fund.

30.10 / 13:13

Investment trusts Jupiter Numis Investment Trust Chrysalis posts 'solid' trading update as holdings appear 'IPO ready'

(L-R) Co-managers of Chrysalis Richard Watts and Nick Williamson

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.

20.10 / 12:59

Asia Abrdn Investment trusts People moves Investment Trust abrdn Asia Focus manager Hugh Young to retire after 43 years

Hugh Young (pictured) is retiring from the industry after 43 years.

20.10 / 07:39

fundraise Investment trusts Investment Trust Wealth Club vct Octopus Titan VCT embarks on £200m fundraise

Nicholas Hyett, investment manager at Wealth Club, said that the “venture capital giant has been through a tough time recently”.

28.09 / 14:59

Investment trusts People moves Investment Trust Hipgnosis Songs Andrew Sutch Hipgnosis Hipgnosis Songs chair Andrew Sutch to step down as managers given ultimatum

Fellow board member Andrew Wilkinson and chair of the firm’s audit and risk management committee is also retiring at the end of this year.

24.08 / 13:01

ESG Investment trusts ThomasLloyd Energy Impact Sue Inglis Investment Trust TLEI ThomasLloyd Investors vote against ThomasLloyd Energy Impact continuation

At today’s requisitioned general meeting and adjourned AGM, 58% of investors voted against the continuation resolution, supporting the board’s stance over the manager.

22.08 / 07:37

property Investment trusts Investment Trust Ediston Property confirms plans to sell entire portfolio

The board reiterated that there was still “no certainty at this time that a sake of the company’s property portfolio will take place”, with none of the final terms, or price agreed yet. Credit: Photo Mix

16.08 / 09:13

Investment trusts ThomasLloyd Energy Impact Investment Trust TLEI ThomasLloyd ThomasLloyd Group whistleblower ThomasLloyd Energy Impact manager denies board's whistleblower accusations

'[We] would not expect publication of allegations of this nature unless and until they have been fully investigated and appropriately corroborated,' the manager said.

09.08 / 07:29

Investment trusts Investment Trust REIT boost Impact Healthcare REIT rides rent increases to boost portfolio value

A second quarter dividend of 1.69p was declared, in line with the 3.5% increase targeted for the year of 6.77 pence per share. Credit: iStock

02.08 / 07:33

Investment trusts Investment Trust RIT Capital Partners records 'broadly flat' NAV total return in H1 2023

RIT cited difficult market conditions, persistent inflation and rising interest rates as some of the reasons for its results.

01.08 / 14:23

Fidelity Investment trusts Investment Trust Fidelity platform restricts new investment into RIT Capital Partners

Lord Rothschild (pictured) owns 12.4% of the RIT Capital Markets trust, while his charity has a 10% holding.

28.07 / 08:15

property Investment trusts Investment Trust investment policy Home REIT proposes investment policy overhaul as rent collection falls to 7%

Home REIT does not expect to be able to publish its audited results for the period to 31 August 2022 until 'late 2023 at the earliest'.

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