Investment trusts Financial News

05.12 / 14:51

Investment trusts continuation vote general meeting tender offer Saba Capital European Opportunities trust outlines plans for 25% tender offer

The tender offer will be paid in cash and will be equal to a 2% discount to net asset value based on the calculation date.

05.12 / 14:51

UK Investment trusts funds Unit trusts/OEICs ETFs Income fund favourites jostle with more adventurous rivals in ii's November most bought

Investors in trusts returned to a familiar favourite in Scottish Mortgage, which reclaimed the head of the rankings after being knocked into second place last month by City of London

05.12 / 09:31

Investment trusts Lindsell Train trust NAV dragged down by fund group holding

'One day we hope our shareholders will be rewarded by that value and shares will start going up again.'

05.12 / 09:31

property Investment trusts Alternatives AEW Home REIT Rent collection dwindles to 14% as further Home REIT tenant enters liquidation

As 30 November, Home REIT tenants in liquidation accounted for 16.3% of annual contracted rent.

01.12 / 14:01

Investment trusts Baillie Gifford UK Growth NAV slumps 12% as discount widens

Managers Iain McCombie and Milena Mileva said it was 'disappointing to report another period of poor portfolio performance'.

30.11 / 17:11

regulation Financial Services Investment trusts Treasury Select Committee FCA sets out temporary measures to address investment trust cost disclosure concerns

The FCA acknowledged the concerns that cost disclosures under the EU laws 'may not result in representative cost information being published'.

30.11 / 13:37

Investment trusts People moves Mike Kerley to retire from Janus Henderson

Mike Kerley (pictured), portfolio manager at Janus Henderson

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.

30.11 / 09:43

Investment trusts wind-up RM Infrastructure Income proposes new investment objective as part of managed wind-down

An amendment to the investment management agreement has also been proposed, which will maintain the fee at its current 0.875% of NAV annual rate but become subject to a minimum fee of £33,000.

30.11 / 09:43

UK Treasury Investment trusts Treasury Select Committee FCA under pressure to 'quickly' deliver solutions to investment trust cost disclosure issues

Chancellor Jeremy Hunt. © Zara Farrar — HM Treasury

29.11 / 16:35

Investment trusts Numis continuation vote JLEN Environmental Assets faces potential continuation vote as discount persists

In the trust’s interim results this week (27 November), it revealed the average discount at which the shares have traded in the current financial year to date had been approximately 13%.

29.11 / 09:38

Wealth managers Abrdn Investment trusts People moves Business roles abrdn head of trusts William Hemmings retires

Hemmings has spent 32 years at abrdn and 20 years in his current role, and will be replaced by Christian Pittard.

28.11 / 19:55

Investment trusts Verne Global Digital 9 Infrastructure Stifel Stifel downgrades Digital 9 Infrastructure following 'forced' Verne Global sale

As the deal is not expected to close until the first quarter of 2024, Stifel's Sachin Saggar said there remains execution risk.

28.11 / 19:55

Fidelity Investment trusts tender offer Fidelity Emerging Markets launches tender offer for up to 15% of share capital

According to data from the Association of Investment Companies, Fidelity Emerging Markets holds £610.9m in assets under management and is trading at a 10.4% discount to net asset value.

28.11 / 11:59

Investment trusts AEW Home REIT Home REIT non-paying tenant surrenders leases on 38 properties

Home REIT said the majority of these properties are occupied by private rented sector tenants on assured shorthold tenancies, or ASTs, which will now transfer to the trust.

28.11 / 11:59

Investment trusts strategic review Verne Global Digital 9 Infrastructure Allen & Overy Digital 9 Infrastructure launches strategic review following £456m Verne Global sale

DGI9 said the closing of the sale enables the trust to deleverage its balance sheet by paying down approximately £300m of its revolving credit facility | Credit: Danfoss

28.11 / 11:59

Investment trusts Troy Income & Growth opts to merge with STS Global Income & Growth

The merger is subject to shareholder approval.

28.11 / 11:59

Abrdn Investment trusts Fidelity International abrdn China to merge with Fidelity China Special Situations

Fidelity China Special Situations will continue to be managed by FIL Investment Management (Hong Kong) with Dale Nicholls carrying on as portfolio manager.

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.

27.11 / 08:53